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Cash Receipts Transactions Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%. Dec. 1 Received payment
Cash Receipts Transactions
Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%.
Dec. 1 | Received payment on account from Michael Anderson, $1,360. |
2 | Received payment on account from Ansel Manufacturing, $355. |
7 | Cash sales for the week were $3,110 plus tax. Bank credit card sales for the week were $970 plus tax. Bank credit card fee is 3%. |
8 | Received payment on account from J. Gorbea, $850. |
11 | Michael Anderson returned merchandise for a credit, $70 plus tax. |
14 | Cash sales for the week were $2,750 plus tax. Bank credit card sales for the week were $840 plus tax. Bank credit card fee is 3%. |
20 | Received payment on account from Tom Wilson, $1,080. |
21 | Ansel Manufacturing returned merchandise for a credit, $20 plus tax. |
21 | Cash sales for the week were $3,190 plus tax. |
24 | Received payment on account from Rachel Carson, $2,060. |
3. The beginning customer account balances have been entered in the accounts. Post the appropriate transactions to the accounts receivable ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Enter the transactions in chronological order and in the order posted in part 1.
Beginning customer account balances were:
M. Anderson | $2,540 |
Ansel Manufacturing | 988 |
J. Gorbea | 850 |
R. Carson | 3,234 |
T. Wilson | 1,770 |
ACCOUNTS RECEIVABLE LEDGER | ||||||
---|---|---|---|---|---|---|
NAME | Michael Anderson | |||||
ADDRESS | 233 West 11th Avenue, Detroit, MI 59500-1154 | |||||
DATE | ITEM | POST. REF. | DEBIT | CREDIT | BALANCE | |
20-- | ||||||
Dec. 1 | Balance | 2,540 | ||||
J20 | fill in the blank 274 | fill in the blank 275 | fill in the blank 276 | |||
J20 | fill in the blank 278 | fill in the blank 279 | fill in the blank 280 |
NAME | Ansel Manufacturing | |||||
---|---|---|---|---|---|---|
ADDRESS | 284 West 88 Street, Detroit, MI 59522-1168 | |||||
DATE | ITEM | POST. REF. | DEBIT | CREDIT | BALANCE | |
20-- | ||||||
Dec. 1 | Balance | 988 | ||||
J20 | fill in the blank 282 | fill in the blank 283 | fill in the blank 284 | |||
J21 | fill in the blank 286 | fill in the blank 287 | fill in the blank 288 |
NAME | J. Gorbea | |||||
---|---|---|---|---|---|---|
ADDRESS | P.O. Box 864, Detroit, MI 59552-0864 | |||||
DATE | ITEM | POST. REF. | DEBIT | CREDIT | BALANCE | |
20-- | ||||||
Dec. 1 | Balance | 850 | ||||
J20 | fill in the blank 290 | fill in the blank 291 | fill in the blank 292 |
NAME | Rachel Carson | |||||
---|---|---|---|---|---|---|
ADDRESS | 11312 Fourteenth Avenue South, Detroit, MI 59221-1142 | |||||
DATE | ITEM | POST. REF. | DEBIT | CREDIT | BALANCE | |
20-- | ||||||
Dec. 1 | Balance | 3,234 | ||||
J21 | fill in the blank 294 | fill in the blank 295 | fill in the blank 296 |
NAME | Tom Wilson | |||||
---|---|---|---|---|---|---|
ADDRESS | 100 NW Seward St., Detroit, MI 59210-1337 | |||||
DATE | ITEM | POST. REF. | DEBIT | CREDIT | BALANCE | |
20-- | ||||||
Dec. 1 | Balance | 1,770 | ||||
J21 | fill in the blank 298 | fill in the blank 299 | fill in the blank 300 |
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