14-5 Recording Sales and Cash Receipts Sunset Surfwear, a California-based merchandising store, had the following sales and cash receipt transactions for January. The partial chart of accounts for Sunset Surfwear follows. General Ledger 101 Cash in Bank 115 Accounts Receivable 215 Sales Tax Payable 401 Sales 405 Sales Discounts 410 Sales Returns and Allowances Accounts Receivable Subsidiary Ledger MOU Moulder, Nate ADA Adams, Martha HAM Hamilton, Alex WES Westwood High School Athletics JUN1 Jun, Helen INSTRUCTIONS Record the following transactions on page 20 of the general journal. Date Transactions Jan. 1 Sold $300 in merchandise plus a sales tax of $18 on account to Martha Adams, Sales Slip 777. 5 Sold $1,500 in merchandise on account to Westwood High School Athletics, Sales Slip 778. 7 Received $400 from Alex Hamilton on account, Receipt 345. 10 Issued Credit Memorandum 102 to Martha Adams for $318 covering $300 in returned merchandise plus $18 sales tax. 15 Recorded cash sales of $800 plus $48 in sales tax, Tape 39. 15 Recorded bankcard sales of $900 plus $54 in sales tax, Tape 39. 20 Received $1,500 from Westwood High School Athletics in payment of Sales Slip 778, Receipt 346. 25 Sold $1,200 in merchandise plus sales tax of $72 on account to Helen Jun, Sales Slip 779. 28 Granted a $106 sales allowance to Helen Jun, which includes $100 for damaged merchandise she kept and sales tax of $6, Credit Memorandum 103. 30 Received $500 from a charge customer, Nate Moulder, in payment of his $500 account, Receipt 347. CO m PRO USIN