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(a) Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problem statement.
(a) Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problem statement. Round answers to O decimal places, e.g. 5,275.) Cash Receipts Journal CR1 Cost of Goods Sold Dr. Inventory Cr. Date Account Credited Ref. Cash Dr. Sales Discounts Dr. Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. 301 120 v (101) (414) (112) (401) (505)(120) Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER Problem 7-01A a-c (Part Level Submission) (Video) Sandhill Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Sandhill Company showed the following balances: Morrow $1,560, Rose $1,200, Jennings Co. $2,890, and Dent $2,500. The April transactions involving the receipt of cash were as follows. Apr. 1 4 5 8 The owner, T. Sandhill, invested additional cash in the business $7,260. Received check for payment of account from Dent less 2% cash discount. Received check for $960 in payment of invoice no. 307 from Jennings Co. Made cash sales of merchandise totaling $7,230. The cost of the merchandise sold was $4,338.00. Received check for $555 in payment of invoice no. 309 from Morrow. Received cash refund from a supplier for damaged merchandise $710. Received check for $1,100 in payment of invoice no. 310 from Jennings Co. Received check for payment of account from Rose (no cash discount allowed). 10 11 23 29
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