1. Abbott Florists sells flowers on a retail basis. Most of the sales are for cash; however, a few steady customers have credit accounts. Abbott's sales staff fills out a sales slip for each sale. There is a state retail tax of 5 percent, which is collected by the retailer and submitted to the state. Abbott Florists' charge sales for March are as follows:

   Mar.	4	Sold floral arrangement on account to R. Duarte, sales slip no. 236, $45,
   		plus sales tax of $2.25, total $47.25.
   	7	Sold potted plant on account to C. Meadows, sales slip no. 272, $61, plus
   		sales tax of $3.05, total $64.05.
   	12	Sold wreath on account to Anthony Realty, sales slip no. 294, $63, plus
   		sales tax of $3.15, total $66.15.
   	17	Sold floral arrangements on account to Travis Dress Shop, sales slip no.
   		299, $170, plus sales tax of $8.50, total $178.50.
   	20	Travis Dress Shop returned a flower spray, complaining that there were
   		dead blooms. Abbott Florists allowed a credit of $36, plus sales tax of
   		$1.80, credit memo no. 27.
   	21	Sold flower arrangements on account to Porter Computers for its
   		anniversary, sales slip no. 310, $236, plus sales tax of $11.80, total
   		$247.80.
   	22	Allowed Porter Computers credit, $25, plus sales tax of $1.25, because of
   		withered blossoms in floral arrangements, credit memo no. 28.
   	27	Sold corsage on account to B. Crosby, sales slip no. 332, $30, plus sales
   		tax of $1.50, total $31.50.

   Required:

   1. Record these transactions in the general journal on page 57. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.

   GENERAL JOURNAL
   Page 57
   	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
   1	20--					1
   2	Mar. 4	Accounts Payable, R. Duarte	/			2
   3						3
   4						4
   5		Sold merchandise to R. Duarte, sales slip no. 236.				5
   6						6
   7	7		/			7
   8						8
   9						9
   10		Sold merchandise to C. Meadows, sales slip no. 272.				10
   11						11
   12	12		/			12
   13						13
   14						14
   15		Sold merchandise to Anthony Realty, sales slip no. 294.				15
   16						16
   17	17		/			17
   18						18
   19						19
   20		Sold merchandise to Travis Dress Shop, sales slip no. 299.				20
   21						21
   22	20					22
   23						23
   24			/			24
   25		Issued credit memo no. 27.				25
   26						26
   27	21		/			27
   28						28
   29						29
   30		Sold merchandise to Porter Computers, sales slip no. 310.				30
   31						31

   Record these transactions in the general journal on page 58. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.

   GENERAL JOURNAL
   Page 58
   	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
   1	20--					1
   2	Mar. 22					2
   3						3
   4			/			4
   5		Issued credit memo no. 28.				5
   6						6
   7	27		/			7
   8						8
   9						9
   10		Sold merchandise to B. Crosby, sales slip no. 332.				10
   11						11

   2. Post the appropriate amounts from the general journal to the Accounts Receivable 113 account. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.

   GENERAL LEDGER
   ACCOUNT		Accounts Receivable					ACCOUNT NO.	113
   	DATE		ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   							DEBIT	CREDIT
   	20--
   	Mar.	1	Balance				111.22
   		4		J57
   		7		J57
   		12		J57
   		17		J57
   		20		J57
   		21		J57
   		22		J58
   		27		J58

   .