Accounting 100

Crane 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 Crane Company showed the following balances: Morrow $1,580. Rose $1.2 Jennings Co. $2.900, and Dent $2.250. The April transactions involving the receipt of cash were as follows, Apri The owner, T. Crane, invested additional cash in the business $7 250. 4 Received check for payment of account from Dent less 2% cash discount. 5 Received check for $920 in payment of invoiceOn April 1, the accounts receivable ledger of Crane Company showed the following balances: Morrow $ 1,580, Rose $ 1,20 Jennings Co. $2,900, and Dent $2,250. The April transactions involving the receipt of cash were as follows. Apr. . The owner, T. Crane, invested additional cash in the business $7.250. 1 4 Received check for payment of account from Dent less 2% cash discount. 5 Received check for $920 in payment of invoice no. 307 from Jennings Co. 8 - Made cash sales of merchandise totaling $7,280. The cost of the merchandise sold was $4,368.00. 10 Received check for $645 in payment of invoice no. 309 from Morrow. 11 Received cash refund from a supplier for damaged merchandise $780. 23 Received check for $1,080 in payment of invoice no. 310 from Jennings Co. 29 Received check for payment of account from Rose (no cash discount allowed)