ebook UTII COCCOUNT Owens Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20--. There is an 8% sales tax. Beginning general le account balances were Cash, $9,771; and Accounts Receivable, 1064.25. Beginning customer account balances were Thompson Group, $1064.25. Mar. 1 Sold merchandise to Able & Co. $1,763, plus sales tax. Sale No. 33C. 3 Sold merchandise to R. J. Kalas, Inc., $2,218, plus sales tax, Sale No. 330. 5 Able & Co. returned merchandise from Sale No. 330 for a credit (Credit Memo No. 66), $28, plus sales tax. 7 Made cash sales for the week, $3,182, plus sales tax. 10 Received payment from Able & Co. for Sale No. 330 less Credit Memo No. 66. 11 Sold merchandise to Blevins Bakery, $1,203, plus sales tax, Sale No. 33E. 13 Received payment from R. J. Kalas, Inc. for Sale No. 330. 14 Made cash sales for the week, 54,185, plus sales tax 16 Blevins Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo NO. 67). $41, plus sales tax. 18 Sold merchandise to R. J. Kales, Inc., 2,652, plus sales tax, Sale No. 336 20 Received payment from Blevins Bakery for Sale No. 33 less Credit Memo No. 67. 21 Made cash sales for the week, $2,431, plus sales tax. 25 Sold merchandise to Blevins Bakery, 51,918, plus sales tax. Sale No. 396. 27 Sold merchandise to Thompson Group, $2,053, plus sales tax. Sale No. 33H 28 Made cash sales for the week, $3,462, plus sales tax. Required: If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. 1. Record the transactions in the sales Journal, cash receipts Journal, and general Journal, Total, verify, and rule the columns where appropriate at the end of the month ebook UTII COCCOUNT Owens Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20--. There is an 8% sales tax. Beginning general le account balances were Cash, $9,771; and Accounts Receivable, 1064.25. Beginning customer account balances were Thompson Group, $1064.25. Mar. 1 Sold merchandise to Able & Co. $1,763, plus sales tax. Sale No. 33C. 3 Sold merchandise to R. J. Kalas, Inc., $2,218, plus sales tax, Sale No. 330. 5 Able & Co. returned merchandise from Sale No. 330 for a credit (Credit Memo No. 66), $28, plus sales tax. 7 Made cash sales for the week, $3,182, plus sales tax. 10 Received payment from Able & Co. for Sale No. 330 less Credit Memo No. 66. 11 Sold merchandise to Blevins Bakery, $1,203, plus sales tax, Sale No. 33E. 13 Received payment from R. J. Kalas, Inc. for Sale No. 330. 14 Made cash sales for the week, 54,185, plus sales tax 16 Blevins Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo NO. 67). $41, plus sales tax. 18 Sold merchandise to R. J. Kales, Inc., 2,652, plus sales tax, Sale No. 336 20 Received payment from Blevins Bakery for Sale No. 33 less Credit Memo No. 67. 21 Made cash sales for the week, $2,431, plus sales tax. 25 Sold merchandise to Blevins Bakery, 51,918, plus sales tax. Sale No. 396. 27 Sold merchandise to Thompson Group, $2,053, plus sales tax. Sale No. 33H 28 Made cash sales for the week, $3,462, plus sales tax. Required: If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. 1. Record the transactions in the sales Journal, cash receipts Journal, and general Journal, Total, verify, and rule the columns where appropriate at the end of the month
