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Chapter 9 AP-6A LO Accounting Information Systems Lin Z is an owner-operated sporting goods retailer. The following is a list of the company's transactions for
Chapter 9 AP-6A LO Accounting Information Systems Lin Z is an owner-operated sporting goods retailer. The following is a list of the company's transactions for the month of June. Jun 2, Jun 6 Jun 10 Jun 13 Jun 25 Received a loan of $1,000 from the bank The owner, Lin Zarra, invested $16,500 into the business Received $150 of interest earned on the savings account with Allmount Bank Received $2,000 from cash sales to Dawn Sports (sold sports items costing $1,500) Received $800 from AD Sports regarding outstanding accounts receivable Record the above transactions in the cash receipts journal. Using the following account numbers, enter the appropriate references for both individual and column totals, assuming all posting was completed. Cash 100 Accounts Receivable 110 Merchandise Inventory 120 Bank Loan 220 Zarra, Capital 300 Sales 400 Interest Revenue 410 Cost of Goods Sold 500 Date Account PR HU Cash Receipts Journal Page 4 COGS/ Accounts Interest Cash Receivable Sales Revenue (DR) (CR) (CR) (CR) Merchandise Other Inventory (CR) (DR/CR)
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