Assume Fresh SpringsFresh Springs Glass Company uses the perpetual inventory system. The general ledger of Fresh SpringsFresh Springs Glass Company includes the following selectedaccounts, along with their account numbers:

Number	Account	Number	Account
11	Cash	18	Equipment
12	Accounts Receivable	19	Land
13	Notes Receivable	41	Sales Revenue
15	Merchandise Inventory	51	Cost of Goods Sold
16	Office Supplies

PrintDone

Sales and cash receipts transactions in JulyJulywere as follows:

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.)

2		Sold merchandise inventory on credit, terms n/30, to IntegrateIntegrate, Inc., $ 2 comma 000$2,000 (cost, $ 300$300).
	3		Sold office supplies to an employee at cost, $ 60$60, receiving cash.
	7		Cash sales for the week totaled $ 2 comma 400$2,400 (cost, $ 1 comma 200$1,200).
	9		Sold merchandise inventory on account, terms n/30, to A. N. McNeillA. N. McNeill, $ 7 comma 000$7,000 (cost, $ 5 comma 700$5,700).
	10		Sold land that cost $ 10 comma 000$10,000 for cash of the same amount.
	11		Sold merchandise inventory on account, terms n/30, to Sparky ElectricSparky Electric, $ 5 comma 800$5,800 (cost, $ 3 comma 200$3,200).
	12		Received cash from IntegrateIntegrate in full settlement of its account receivable from JulyJuly 2.
	14		Cash sales for the week were $ 2 comma 300$2,300 (cost, $ 1 comma 350$1,350).
	15		Sold merchandise inventory on credit, terms n/30, to the partnership of West and BanWest and Ban, $ 3 comma 300$3,300 (cost, $ 2 comma 450$2,450).
	20		Sold merchandise inventory on account, terms n/30, to Sparky ElectricSparky Electric, $ 700$700 (cost, $ 340$340).
	21		Cash sales for the week were $ 950$950 (cost, $ 630$630).
	22		Received $ 4 comma 000$4,000 cash from A. N. McNeillA. N. McNeill in partial settlement of his account receivable.
	25		Received cash from West and BanWest and Ban for its account receivable from JulyJuly 15.
	25		Sold merchandise inventory on account, terms n/30, to Oggio Co.Oggio Co., $ 1 comma 550$1,550 (cost, $ 950$950).
	27		Collected $ 5 comma 300$5,300 on a note receivable. There was no interest earned.
	28		Cash sales for the week totaled $ 3 comma 720$3,720 (cost, $ 2 comma 400$2,400).
	29		Sold merchandise inventory on account, terms n/30, to R. A. BanksR. A. Banks, $ 260$260 (cost, $ 160$160).
	31		Received $ 2 comma 700$2,700 cash on account from A. N. McNeillA. N. McNeill.

Requirement 1, 2, and 3. 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). Total each column of the sales journal and the cash receipts journal. 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. Select "T." in place of a check mark to reflect posting to a subsidiary ledger.)

Sales Journal							Page 1
		Invoice	Customer	Post.	Accounts Receivable DR	Cost of Goods Sold DR
Date		No.	Account Debited	Ref.	Sales Revenue CR	Merchandise Inventory CR
Jul.
Jul.	31		Totals