1.	Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column).
2.	Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits.
3.	Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals. (Assume all postings are made to the applicable ledgers.)

1 of 2 (0 complete) More Info 7 Cash sales for the week totaled $1,800 (cost, $1,100) 9 Sold merchandise inventory on account, terms n/30, to A. N. McNeill, 57.600 (cost $5,100) 10 Sold land that cost $12,000 for cash of the same amount 11 Sold merchandise inventory on account, terms n/30. to Super Electric 55.900 (cost $3,200). 12 Received cash from Intelysis in full settlement of its account receivable from July 2 Cash sales for the week were $2,800 (cost $1,300) 15 Sold merchandise inventory on credit, terms n/30, to the partnership of West and Bob, $3,800 (cost, $2.500) 20 Sold merchandise Inventory on account, terms n/30, to Super Electric, 5800 (cost, $350) 21 Cash sales for the week were $990 (cost. 5660) 22 Received $4.500 cash from A N McNeill in partial settlement of his account receivable 25 Received cash from West and Bob for its account receivable from July 15. 25 Sold merchandise inventory on account, terms n/30, to Olsen Co., 51.540 (cost $950) 27 Collected $5.400 on a note receivable. There was no interest earned 28 Cash sales for the week totaled $3,750 (cost, $2,410) 29 Sold merchandise Inventory on account, terms n/30, to R L Bennett, $270 (cost, $130) 31 Received $2,100 cash on account from A N McNeill Print Done 1 of 2 (0 complete) More Info Jul. 2 Sold merchandise inventory on credit, terms n/30, to Intelysis, Inc., $2,000 (cost, $250) 3 Sold office supplies to an employee at cost $60, receiving cash. 7 Cash sales for the week totaled $1,800 (cost $1,100). 9 Sold merchandise inventory on account, terms n/30.o A NMcNeill, $7,600 (cost, $5,100) 10 Sold land that cost $12,000 for cash of the same amount 11 Sold merchandise inventory on account, terms n/30, to Super Electric, 55.900 (cost, $3.200). 12 Received cash from Intelysis in full settlement of its account receivable from July 2 Cash sales for the week were 52,800 (cost, $1,300) 15 Sold merchandise inventory on credit, terms n/30, to the partnership of West and Bob, $3,800 (cost, $2,500) 20 Sold merchandise inventory on account, terms n/30. to Super Electric, 5800 (cost, $350). 21 Cash sales for the week were $990 (cost. 5660). 22 Received $4,500 cash from A N. McNeill in partial settlement of his account receivable 25 Received cash from West and Bob for its account receivable from July 15 25 Sold merchandise inventory on account, terms 30 to Olsen Co. 51.540 (cost, 5950) 27 Collected $5.400 on a note receivable. There was no interest earned 28 Cash sales for the week totaled 53 750 (cost $2.410) Print Done general ledger of Peaceful Springs Glass Company includes the following selected accounts, i Data Table Number Account Cash Accounts Receivable Notes Receivable Merchandise Inventory Office Supplies Number Account Equipment 19 Land 41 Sales Revenue 51 Cost of Goods Sold Print Done ck Check Answer Clear AB Homework: Chapter 7 Homework Score: 0 of 1 P7-24A (similar to) edge of Peace Spring Company includes the Assume Peace Springs Glass Company uses the perpetual inventory system. The TECik on the con to view the count) Sales and care transactions in July were as fotos Click on the tow the transactions) Read the Account Deb megeldsando CA 1 of 2 (0 complete) More Info 7 Cash sales for the week totaled $1,800 (cost, $1,100) 9 Sold merchandise inventory on account, terms n/30, to A. N. McNeill, 57.600 (cost $5,100) 10 Sold land that cost $12,000 for cash of the same amount 11 Sold merchandise inventory on account, terms n/30. to Super Electric 55.900 (cost $3,200). 12 Received cash from Intelysis in full settlement of its account receivable from July 2 Cash sales for the week were $2,800 (cost $1,300) 15 Sold merchandise inventory on credit, terms n/30, to the partnership of West and Bob, $3,800 (cost, $2.500) 20 Sold merchandise Inventory on account, terms n/30, to Super Electric, 5800 (cost, $350) 21 Cash sales for the week were $990 (cost. 5660) 22 Received $4.500 cash from A N McNeill in partial settlement of his account receivable 25 Received cash from West and Bob for its account receivable from July 15. 25 Sold merchandise inventory on account, terms n/30, to Olsen Co., 51.540 (cost $950) 27 Collected $5.400 on a note receivable. There was no interest earned 28 Cash sales for the week totaled $3,750 (cost, $2,410) 29 Sold merchandise Inventory on account, terms n/30, to R L Bennett, $270 (cost, $130) 31 Received $2,100 cash on account from A N McNeill Print Done 1 of 2 (0 complete) More Info Jul. 2 Sold merchandise inventory on credit, terms n/30, to Intelysis, Inc., $2,000 (cost, $250) 3 Sold office supplies to an employee at cost $60, receiving cash. 7 Cash sales for the week totaled $1,800 (cost $1,100). 9 Sold merchandise inventory on account, terms n/30.o A NMcNeill, $7,600 (cost, $5,100) 10 Sold land that cost $12,000 for cash of the same amount 11 Sold merchandise inventory on account, terms n/30, to Super Electric, 55.900 (cost, $3.200). 12 Received cash from Intelysis in full settlement of its account receivable from July 2 Cash sales for the week were 52,800 (cost, $1,300) 15 Sold merchandise inventory on credit, terms n/30, to the partnership of West and Bob, $3,800 (cost, $2,500) 20 Sold merchandise inventory on account, terms n/30. to Super Electric, 5800 (cost, $350). 21 Cash sales for the week were $990 (cost. 5660). 22 Received $4,500 cash from A N. McNeill in partial settlement of his account receivable 25 Received cash from West and Bob for its account receivable from July 15 25 Sold merchandise inventory on account, terms 30 to Olsen Co. 51.540 (cost, 5950) 27 Collected $5.400 on a note receivable. There was no interest earned 28 Cash sales for the week totaled 53 750 (cost $2.410) Print Done general ledger of Peaceful Springs Glass Company includes the following selected accounts, i Data Table Number Account Cash Accounts Receivable Notes Receivable Merchandise Inventory Office Supplies Number Account Equipment 19 Land 41 Sales Revenue 51 Cost of Goods Sold Print Done ck Check Answer Clear AB Homework: Chapter 7 Homework Score: 0 of 1 P7-24A (similar to) edge of Peace Spring Company includes the Assume Peace Springs Glass Company uses the perpetual inventory system. The TECik on the con to view the count) Sales and care transactions in July were as fotos Click on the tow the transactions) Read the Account Deb megeldsando CA