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Cozy Kitchens began operations March 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent
Cozy Kitchens began operations March 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. The terms for all sales on credit are net 30 During March Cozy Kitchens engaged in the following transactions DATE 20X1 TRANSACTIONS March 1 Sold merchandise on credit to Andy Deluca; issued Sales Slip 101 for $900 plus sales tax of $54. 4 Sold merchandise on credit to Anala Desai; issued Sales Slip 102 for $600 plus sales tax of $36. 12 Sold merchandise on credit to Candy Martinez; issued Soles slip 103 for $1,000 plus sales tax of 560. 15 Recorded cash sales for the period from March 1 to March 15 of $7,500 plus sales tax of $450. 35 sold merchandise on credit to Jack O'Donnell; issued Sales Slip 104 for $800 plus sales tax of 543. 28 Received a check from Arala Dessl of 5336 to apply toward her account. 31 Recorded cash sales for the period from March 16 to March 31 of 54,800 plus sales tox of $288. 31 Received payment in full from Andy Deluca for the sale of March 1. Required: 2. Record the transactions in a general Journal. 3. Post the entries from the general journal to the appropriate general ledger accounts. GENERAL LEDGER ACCOUNTS 101 Cash 111 Accounts Receivable 221 Sales Tax Payable 401 Sales Analyze: What were the total cash receipts during March? General Journal General Ledgers Analyze Post the entries from the general journal to the appropriate general ledger accounts. Cash Date Account No. 105 Credit Balance Dedit Accounts Receivable Date Debit Account No. 111 Credit Balance Sales Sales Tax Payable Date Debit Account No. 221 Credit Balance Account No. 401 Credia Balance Date Debit Analyze: What were the total cash receipts during March? Complete this question by entering your answers in the tabs below. General Journal General Ledgers Analyze What were the total cash receipts during March? Cash receipts
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