11 15 20 Sparky Electric Wilke & Blinn Sparky Electric Oggle Co. R. O. Bills 25 29 Jul. 31 Totals Show how total debits equal total credits (12/41) Total debits Total credits Sales journal 1 CR MerchandILU VUMUI 300 1,500 7.100 5,200 * Requirements 3,650 700 1,560 230 1. Use the appropriate journal to record the preceding transactions in a sales joumal (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.) 20,040 Print Done (51/15) of Goods Sold DR indise Inventory CR DA Data Table Number Account 18 Equipment Land 19 Number Account 11 Cash 12 Accounts Receivable 13 Notes Receivable 15 Merchandise Inventory 16 Office Supplies 41 Sales Revenue Cost of Goods Sold 51 (51/15) Print Done es journal (omit the invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column). Total each column of the sales journal an made to the applicable ledgers 0 More Info Cost of Goods S Merchandise Inver 0 Jul. 2 Sold merchandise inventory on credit, terms n/30, to Intelysis, Inc., $1,600 (cost, $300) Jul. 3 Sold office supplies to an employee at cost, $75, receiving cash. Jul. 7 Cash sales for the wook totaled $2,400 (cost, $1,200). Sold merchandise inventory on account, terras n/30, to A. C. Malloy, 57.100 (cost, Jul. 9 $5,700) Jul. 10 Sold land that cost $12,000 for cash of the same amount Sold merchandise inventory on account, terms 1/30, to Sparky Electric, $5,200 (cost, Jul. 11 $3,250) Jul. 12 Received cash from Intelysis in full settlement of its account receivable from July 2. Jul. 14 Cash sales for the week were $2.200 (cost, $1,350). Sold merchandise inventory on credit, terms n/30, to the partnership of Wilke & Blinn, Jul. 15 $3,650 (cost, $2,250) Sold merchandise inventory on account, terms 130. to Sparky Electric, $700 (cost, Jul. 20 $350) Jul. 21 Cash sales for the week were $985 (cost, S620). Jul. 22 Received 54,300 cash from A. C. Malloy in partial settlement of his account receivable Jul. 25 Received cash from Wilke & Blinn for its account receivable from July 15. Jul. 25 Sold merchandise inventory on account, terms 1/30, to Oggle Co., 51,560 (cost $980). Jul. 27 Collected $5,200 on a note receivable. There was no interest earned Jul. 28 Cash sales for the week totaled $3.720 (cost, $2.470) Jul 29 Sold merchandise inventory on account, terms 30, lo R. O. Bulls, $230 (cost $120). JUL 31 Received $2,300 cash on account from A. C. Malloy 540 (51/15) Print Dono 11 15 20 Sparky Electric Wilke & Blinn Sparky Electric Oggle Co. R. O. Bills 25 29 Jul. 31 Totals Show how total debits equal total credits (12/41) Total debits Total credits Sales journal 1 CR MerchandILU VUMUI 300 1,500 7.100 5,200 * Requirements 3,650 700 1,560 230 1. Use the appropriate journal to record the preceding transactions in a sales joumal (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.) 20,040 Print Done (51/15) of Goods Sold DR indise Inventory CR DA Data Table Number Account 18 Equipment Land 19 Number Account 11 Cash 12 Accounts Receivable 13 Notes Receivable 15 Merchandise Inventory 16 Office Supplies 41 Sales Revenue Cost of Goods Sold 51 (51/15) Print Done es journal (omit the invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column). Total each column of the sales journal an made to the applicable ledgers 0 More Info Cost of Goods S Merchandise Inver 0 Jul. 2 Sold merchandise inventory on credit, terms n/30, to Intelysis, Inc., $1,600 (cost, $300) Jul. 3 Sold office supplies to an employee at cost, $75, receiving cash. Jul. 7 Cash sales for the wook totaled $2,400 (cost, $1,200). Sold merchandise inventory on account, terras n/30, to A. C. Malloy, 57.100 (cost, Jul. 9 $5,700) Jul. 10 Sold land that cost $12,000 for cash of the same amount Sold merchandise inventory on account, terms 1/30, to Sparky Electric, $5,200 (cost, Jul. 11 $3,250) Jul. 12 Received cash from Intelysis in full settlement of its account receivable from July 2. Jul. 14 Cash sales for the week were $2.200 (cost, $1,350). Sold merchandise inventory on credit, terms n/30, to the partnership of Wilke & Blinn, Jul. 15 $3,650 (cost, $2,250) Sold merchandise inventory on account, terms 130. to Sparky Electric, $700 (cost, Jul. 20 $350) Jul. 21 Cash sales for the week were $985 (cost, S620). Jul. 22 Received 54,300 cash from A. C. Malloy in partial settlement of his account receivable Jul. 25 Received cash from Wilke & Blinn for its account receivable from July 15. Jul. 25 Sold merchandise inventory on account, terms 1/30, to Oggle Co., 51,560 (cost $980). Jul. 27 Collected $5,200 on a note receivable. There was no interest earned Jul. 28 Cash sales for the week totaled $3.720 (cost, $2.470) Jul 29 Sold merchandise inventory on account, terms 30, lo R. O. Bulls, $230 (cost $120). JUL 31 Received $2,300 cash on account from A. C. Malloy 540 (51/15) Print Dono