1. The following is a summary of XYZ Company's cash receipts and deposits for the month of June: Cash on hand at June 1, 20XX 500 Cash receipts: Sales (cash and credit) Sales taxes Collections of accounts receivable 8,431 675 750 9,856 (3,678) Less credit sales on account 6,178 Deposits to operating cash account (5,928) Cash on hand at June 30, 20XX 750 Prepare a journal entry to record XYZ Company's sales, cash receipts, deposits and the increase in "cash on hand" June