CASH RECEIPTS JOURNAL Date Cash Sales Dis. Acct. Rec.Sales General Cr Post Account de)Retf General Cr (Amount) Dr. Dr Cr. Cr GENERAL LEDGER 101 Sales 401 Chad, Capital 301 t 402 Sales Ret.and AlL 403 Accounts Rec 102 Equipment 11 SUBSIDIARY LEDGER T.Baker H. Matt Owner 10t cash. g. withdrew cash from the business PART V PROBLEM The following are transactions for Chad for the month of March. Journalize the transactions in the appropriate journals. (Seventeen poin (Seventeen points total) ts total) Post transactions properly. Mar 1 Chad invested an additional $10,000 in his business 3 Sold $1,500 of merchandise on account to H. Matt, 13 14 15 23 sales invoice No. 12, terms 1/10, n/30. Sold $800 of merchandise on account to T. Baker, sales invoice No. 13, terms 2/10, n/30. Received cash from H. Matt in payment for March 3 transaction, less the discount. Issued credit memorandum No. 1 to T. Baker for $100 for merchandise returned from March 5 sale on account. Received cash from T. Baker for the amount due, less the discount. Sold equipment at cost for cash, $7,000 SALES JOURNAL Terms Inv. No. PRDr. A/R Cr.Sales Account Debited