Cash Crane Company's chart of accounts includes the following selected accounts. 401 Sales Revenue Accounts Receivable 414 Sales Discounts Inventory 505 Cost of Goods Sold 301 Owner's Capital 101 112 120 On April 1, the accounts receivable ledger of Crane Company showed the following balances: Morrow $1.500, Rose $1,180. Jennings Co. $2.920, and Dent $2.150. The April transactions involving the receipt of cash were as follows. Apr. The owner, T. Crane, invested additional cash in the business $7.150. Received check for payment of account from Dent less 2% cash discount. Received check for $925 in payment of invoice no. 307 from Jennings Co. Made cash sales of merchandise totaling $7.260. The cost of the merchandise sold was $4.356.00. Received check for $620 in payment of invoice no. 309 from Morrow. Received cash refund from a supplier for damaged merchandise $750. Received check for $1.050 in payment of invoice no. 310 from Jennings Co. Received check for payment of account from Rose (no cash discount allowed). 1 4 5 10 11 23 29 (a) Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problem statement. Round answers to decimal places, eg. 5,275.) Cash Receipts Date Account Credited Ref. Cash Dr. Sales Discounts Dr. Accounts > V 120 > V (101) (414) Crane Company's chart of accounts includes the following selected accounts. 101 112 120 301 Cash Accounts Receivable Inventory Owner's Capital 401 414 505 Sales Revenue Sales Discounts Cost of Goods Sold On April 1, the accounts receivable ledger of Crane Company showed the following balances: Morrow $1.500, Rose $1,180. Jennings Co. $2,920, and Dent $2,150. The April transactions involving the receipt of cash were as follows. The owner, T. Crane, invested additional cash in the business $7.150. Received check for payment of account from Dent less 2% cash discount Received check for $925 in payment of invoice no. 307 from Jennings Co. Made cash sales of merchandise totaling $7.260. The cost of the merchandise sold was $4,356.00. Received check for $620 in payment of invoice no. 309 from Morrow. Received cash refund from a supplier for damaged merchandise $750. Received check for $1.050 in payment of invoice no. 310 from Jennings Co. Received check for payment of account from Rose (no cash discount allowed) Apr. 1 4 5 8 10 11 23 29 (a) Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problem statement. Round answers to decimal places, eg. 5,275.) Receipts Journal CR1 Cost of Goods Sold Dr. Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. Inventory Cr. (112) (401) (505)(120)