$218$

Chapter $7$

E$7-6(3)$

During February, Sanier Animation had the following transactions:

Feb. $1$ Sold merchandise inventory on account to Theatre Co$,$ $$1,025.$ Cost of goods, $$780.$ Invoice no$.401.$

$6$ Sold merchandise inventory for cash, $$860($cost$,$ $$640).$

$12$ Collected interest revenue of $$90.$

$15$ Received cash from Theatre $Co.$ in full settlement of its account receivable. There was no discount.

$20$ Sold merchandise inventory on account to Delgado $Ca,$ issuing invoice na$.402$ for $$440($cost$,$ $$330).$

$22$ Sold merchandise inventory for cash, $$560($cost$,$ $$420).$

$26$ Sold office supplies to an employee for cash of $$80.$

$28$ Received $$431$ from Delgado $Co.$ in full settlement of its account receivable. Delgado earned a discount by paying early. Terms are $\frac{2}{10},\frac{n}{15}.$

Required

Journalize the transactions that should be recorded in Page $9$ of the sales journal. $($Round the sales discount to a whole dollar.$)$ Assume the company uses a perpetual inventory system.

Total each column of the sales joumal.