Assume Brilliant Springs Glass Company uses the perpetual inventory system. The general ledger of Brilliant Springs Glass Company includes the following selected accounts, along with their account numbers: (Click 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 requirements Requirement 1, 2 and 3. Use the appropriate joumal to record the preceding transactions in a sales journal (omit the invoice No. column) and a cash receipts journal (omit the Sales Discounts Fortelted column). Total each column of the sales journal and the cash receipts joumal. Show that total debits equal total credits. Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals. Begin with the sales journal. Enter the transactions and total the journal. (Assume all postings are made to the applicable ledgers. If a box is not used in the journal leave the box empty: do not select information and do not enter a zero.) i More Info A Data Table Jul. 2 Number Account Equipment 18 Jul. 3 Jul. 7 19 Land Number Account 11 Cash 12 Accounts Receivable 13 Notes Receivable 15 Merchandise Inventory 16 Office Supplies Sales Revenue Jul.. 51 Cost of Goods Sold Jul. 10 Jul. 11 Jul 12 Print Done Jul. 14 Jul. 15 . Sold merchandise Inventory on credit, terms 1/30, to Intelysis, Inc., $1,800 (cost, $700) Sold office supplies to an employee at cost, $60, receiving cash. Cash sales for the week totaled $1,700 (cost, $1,100). Sold merchandise inventory on account, terms 1/30, to A. N. McNeil, $7,500 (oost $5,100). Sold land that cost $8,000 for cash of the same amount. Sold merchandise inventory on account, terms n/30, to Sparky Electric, $5,500 (cost, $3,600) Received cash from Intelysis in full settlement of its account receivable from July 2 Cash sales for the week were $2,700 (cost, $1,550) Sold merchandise inventory on credit, terms 1/30, to the partnership of West & Bob, $3,800 (cost, $2,350). Sold merchandise inventory on account, terms 1/30, to Sparky Electric, 5520 (cost, $200) Cash sales for the week were $900 (cost $670). Received $4,600 cash from A. N. McNeil in partial settlement of his account receivable Received cash from West & Bob for its account receivable from July 15 Sold merchandise inventory on account, terms n/30, to Oggio Co., S1,500 (cost, 5960). Collected $5,600 on a note receivable. There was no interest earned. Cash sales for the week totaled $3,700 (cost, $2,420). Sold merchandise inventory on account, terms n/30, to R. O. Bankston, $190 (cost, $170) Received $2,000 cash on account from A N. McNeil A Requirements Jul. 20 Jul. 21 Jul. 22 Jul. 25 Jul. 25 Jul. 27 Jul. 28 1. Use the appropriate journal to record the preceding transactions in a sales joumal (omt the Invoice No. column) and a cash receipts joumal (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 ers and check marks in the appropriate places in the journals. (Assume all postings are made to the applicable ledgers.) px en ed. Abbreviations used: Rec. -Receivables, Rev. - Revenue, Accts Accounts, Jul 29 Jul. 31 . Print Done pods Print Done dise Inv. CR Jul. 10 IN alr