Question
Car Geek is a retail store that sells car care products over the Internet. The firm's cash receipts for February and the general ledger accounts
Car Geek is a retail store that sells car care products over the Internet. The firm's cash receipts for February and the general ledger accounts used to record these transactions are shown below. GENERAL LEDGER ACCOUNTS 101 Cash 109 Notes receivable 111 Accounts receivable 129 Supplies 231 Sales tax payable 301 Ken Sato, Capital $4,860 Dr. 401 Sales 700 Dr. 491 Interest income 4,025 Dr. 620 Cash short or over 510 Dr. 245 Cr. 33,000 Cr. DATE TRANSACTIONS Feb. 3 Received $400 from Kelly Stott, a credit customer, on account. 5 Received a cash refund of $110 for damaged supplies. 7 Had cash sales of $3,800 plus sales tax of $304 during the first week of February; there was a cash shortage of $50. 9 Ken Sato, the owner, invested an additional $14,000 cash in the business. 12 Received $280 from Jamie Garrison, a credit customer, in payment of her account. 14 Had cash sales of $3,550 plus sales tax of $284 during the second week of February; there was an overage of $18. 16 Received $350 from Michael Hunt, a credit customer, to apply toward his account. 19 Received a check from Kay Pitts to pay her $700 promissory note plus interest of $28. 21 Had cash sales of $4,050 plus sales tax of $324 during the third week of February. the balanca bn u charle fan ADD to 2 AT 1annic A=4 Prev Check my we 1 of 7 Next >
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