can someone walk me through this
Sales Journal, Cash Receipts Journal, and General Journal Owens Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20. There is an 8% sales tax. Beginning general ledger account balances were Cash, $9,741; and Accounts Receivable, $1,058.25. Beginning customer account balances were Thompson Group, $1,058.25. Mar. 1 Sold merchandise to Able & Co., $1,000, plus sales tax. Sale No. 33C. 3 Sold merchandise to R. J. Kalas, Inc., $2,240, plus sales tax, Sale No. 33D. 5 Able & Co. returned merchandise from Sale No. 33 for a credit (Credit Memo No. 66), $30, plus sales tax. 7 Made cash sales for the week, $3,160, plus sales tax. 10 Received payment from Able & Co. for Sale No. 33 less Credit Memo No. 66. 11 Sold merchandise to Blevins Bakery, $1,210, plus sales tax, Sale No. 338. 13 Received payment from R. J. Kalas, Inc. for Sale No. 33D. 14 Made cash sales for the week, 4,200, plus sales tax. 16 Blevins Bakery returned merchandise from Sale No. 33E for a credit (Credit Momo No. 67), $4, plus sales tax. 18 Sold merchandise to R). Kalas, Inc., $2,620, plus sales tax. Sale No. 33F 20 Received payment from Blevins Bakery for Sale No. 33 less Credit Memo No. 67. 21 Made cash sales for the week, $2,400, plus sales tax. 25 Sold merchandise to Blevins Bakery, $1,915, plus sales tax. Sale No. 336. 27 Sold merchandise to Thompson Group, $2,016, plus sales tax. Sale No. 33H. 28 Made cash sales for the week, $3,500, plus sales tax. Required: 1. Record the transactions in the sales journal, cash receipts journal, and general journal. Total the columns at the end of the month Page: ACCOUNTS SALE POST SALES SALES TAX DATE TO WHOM SOLD RECEIVABLE NO. PAYABLE REF. CREDIT DEBIT CREDIT 28 Made cash sales for the week, $3,500, plus sales tax. Required: 1. Record the transactions in the sales journal, cash receipts journal, and general journal. Total the columns at the end of the month. DATE SALE NO. TO WHOM SOLD POST REF. Page: 6 ACCOUNTS SALES TAX SALES RECEIVABLE PAYABLE CREDIT DEBIT CREDIT 1 1 2 2 3 3 4 4 5 6 7 7 8 (122) (401) (231) 8 Verity that the total of the debit columns equals the total of the credit columns Debit total: Credit total: Page 9 Account Credited Cash Receipts Journal General Accounts Receivable Post. Ref. Credit Credit Sales Credit Sales Tax Payable Credit Date Cash Debit 20- (122) (401) (231) (101) Verify that the total of the debit columns equals the total of the credit columns Debit total: Credit total: Enter the posting references when you complete part 2 PAGE 5 GENERAL JOURNAL DESCRIPTION POST. REF. DATE DEBIT CREDIT 20-- 1 Credit Memo #66 IN Credit Memo #67 2. Post from the journals to the general ledger and arrunts rerelyable Arte - Post from the journals to the general ledger and accounts receivable ledger accounts. ACCOUNT Cash ACCOUNT NO. 101 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20- Mar. 1 Balance 9,741.00 ACCOUNT Accounts Receivable 122 ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Mar. 1 Balance 1,058.25 ACCOUNT Sales Tax Payable 231 ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- ACCOUNT Sales ACCOUNT NO. 401 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- ACCOUNT Sales Returns and Allowances 401.1 ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- NAME ACCOUNTS RECEIVABLE LEDGER Able & Co. 1424 Jackson Creek Road, Nashville, IN 47448-2245 POST. REF. DEBIT CREDIT ADDRESS DATE ITEM BALANCE 20- NAME ADDRESS DATE Blevins Bakery 6422 E. Bender Road, Bloomington, IN 47401-7756 POST. REF. DEBIT CREDIT ITEM BALANCE 20- NAME ADDRESS DATE R.). Kalas, Inc. 3315 Longview Avenue, Bloomington, IN 47401-7223 POST. REF. DEBIT CREDIT ITEM BALANCE 20- NAME ADDRESS Thompson Group 2300 E. National Road, Cumberland, IN 46229-4824 POST. REF. DEBIT CREDIT DATE ITEM BALANCE 20- Mar. 1 Balance 1,058.25
