Consider the following transactions. All sales carry terms of $\frac{4}{10},$ n$/30.$

View the transactions.

Journalize the receipt of a cheque from Nathan Co$.$ for payment of invoice No$.147$ on May $25,20xx,$ in the cash receipts journal.

$\backslash$table$[[$Cash Receipts Journal,,,$],[,,$Sales,Accounts,GST$,,$Cost of Goods,,,$],[$Date$,\backslash$table$[[$Cash$],[$Debit$]],\backslash$table$[[$Discounts$],[$Debit$]],\backslash$table$[[$Receivable$],[$Credit$]],\backslash$table$[[$Payable$],[$Credit$]],\backslash$table$[[$Sales$],[$Credit$]],\backslash$table$[[$Sold Debit$],[$Inventory Credit$]],\backslash$table$[[$Sundry Account$],[$Names$]],\backslash$table$[[$Post$],[$Ref$.]],\backslash$table$[[$Amount$],[$Credit$]]],[$May $25,20$XX$,,,,,,,,,]]$

Transactions

$1$

$0\mathrm{.}5$

May $17,20x$

May $18,20x$

May $21,20$xX

Sold merchandise on a scount to Nathan Co$.,$ invoice No$.147,$ $$1,600,$ plus $5\%$ GST$.$ Cost of inventory, $$905.$

Sold merchandise on a:count to French Co$.,$ invoice No$.148,$ $$1,860.$ plus $5\%$ GST$.$ Cost of inventory. $$1\mathrm{.}590.$ Issued oredit memorandum No$.12$ to French Co$,$ for defective merchandise. $$720,$ plus $5\%$ GST$.$ Inventory