Assume Briliant Springs Glass Company uses the perpetual inventory syatem. The generalledger of Bnilliant Springs Glass Company includes the following selected accounts, aiong with their account numbers: (Cick on the icon to view the accounts) Sales and cash receipts transactions in July were as follows (Click on the icon to view the transactions) Read the cegurements Requirement 1, 2, and 3. Use the appropriate joumai to record the preceding transactions in a sales journal (omit the imvoice No, column) and a cash receipts joumal (oma the Sales Discounts Fortecied column) Total each column of the sales journal and the cash receipts journal. Show trat total debits equal total cedits. Show how postings would be made by entering the accoount numbers and check marks in the approprate places in the joumas. Begin with the sales journal. Enter the transactions and total the joumal. (Assume al postings are made fo the appleable ledgers if a box is not used in the journal leave the box emply do not select isformation and do nat anter a rared Data table Requirements 1. Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column). 2. Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits. 3. Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals. (Assume all postings are made to the applicable ledgers.) Assume Briliant Springs Glass Company uses the perpetual inventory syatem. The generalledger of Bnilliant Springs Glass Company includes the following selected accounts, aiong with their account numbers: (Cick on the icon to view the accounts) Sales and cash receipts transactions in July were as follows (Click on the icon to view the transactions) Read the cegurements Requirement 1, 2, and 3. Use the appropriate joumai to record the preceding transactions in a sales journal (omit the imvoice No, column) and a cash receipts joumal (oma the Sales Discounts Fortecied column) Total each column of the sales journal and the cash receipts journal. Show trat total debits equal total cedits. Show how postings would be made by entering the accoount numbers and check marks in the approprate places in the joumas. Begin with the sales journal. Enter the transactions and total the joumal. (Assume al postings are made fo the appleable ledgers if a box is not used in the journal leave the box emply do not select isformation and do nat anter a rared Data table Requirements 1. Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column). 2. Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits. 3. Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals. (Assume all postings are made to the applicable ledgers.)
