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Barrett's Books is a retail merchandising store. The following transactions took place during February of the current year Transactions Feb. 1 Received $75 from Chris
Barrett's Books is a retail merchandising store. The following transactions took place during February of the current year Transactions Feb. 1 Received $75 from Chris Cole to apply on account 2 Sold merchandise on account to Pelican Elementary School, S560 5 Sold an old display stand (Store Equipment) for $50 8 Sold merchandise on account to Holly Winters, 5200 plus 512 sales tax. 10 Received a check from Carraba's, Inc., for $1,560 in payment of its account balance of $1,590 less a 2 percent cash discount of $30. 15 Cash sales amounted to $2,500 plus $150 in sales tax 15 Bank card sales amounted to $2,700 plus $162 in sales tax. 20 Received from Pelican Elementary School a check for $280 to apply on its account. 25 Sold $120 of merchandise, plus $7.20 sales tax, on account to Dunbar Enterprises 27 Sold merchandise on account, $700 plus sales tax of $42, to Carraba's, Inc. 28 Received a check for $170 from Holly Winters to apply on account Record the transactions on sales journal and cash receipts journal. (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places. Omit the "S" sign in your response.) Sales Journal Sales Tax Accounts Customer's Account Sales Payable Receivable Date Debited Credit Credit Debit Feb. 2 Pelican Elem. School 8 Holly Winters 25 Dunbar Enterprises 27 Carraba's, Inc 28 Totals Sales Journal Sales Credit Sales Tax Payable Credit Accounts Receivable Debit Customer's Account Date Debited Feb. 2 Pelican Elem. School 8 Holly Winters 25 Dunbar Enterprises 27 Carraba's, Inc. 28 Totals Cash Receipts Journal Sales Tax General Sales Payable Credit Credit Credit Accounts Receivable Credit Sales Discounts Debit Cash in Bank Debit Date Account Name Feb. 1 Chris Cole 5 Store Equipment 10 Carraba's, Inc. 15 Cash Sales 15 Bankcard Sales 20 Pelican Elem. School 28 Holly Winters 28 Totals
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