he general ledger of

Beauchamp Supply

includes the following accounts.

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(Click the icon to view the accounts.)All credit sales are on the company's standard terms of 1/10, n/30. Transactions in

November

that affected sales and cash receipts were as follows.

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(Click the icon to view the transactions.)Required

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Part 1

Requirements 1, 2, and 3. Use the appropriate journal to record the above transactions: a sales journal (omit the Invoice No. column), a cash receipts journal, and a general journal.

Beauchamp Supply

records sales returns and allowances in the general journal. Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the journals.

Begin with the sales journal. Enter the transactions and total the journal. (If a box is not used in the journal, leave the box empty; do not select a label or enter a zero. Select "T" in place of a check mark to reflect posting to a subsidiary ledger.)

Sales Journal							Page 1
		Invoice		Post.	Accounts Receivable Dr	Cost of Goods Sold Dr
Date		No.	Accounts Debited	Ref.	Sales Revenue Cr	Inventory Cr
Nov.
Nov.	28		Total

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Nov.	1		Sold inventory on credit to Ijri Ltd., $4,000. Beauchamp Supply's cost of these goods was $2,228.
	5		As a favour to another company, sold new equipment for its cost of $23,080, receiving cash in this amount.
	6		Cash sales of merchandise for the week totalled $8,400 (cost, $5,400).
	8		Sold merchandise on account to Izzo Ltd., $14,320 (cost, $11,854).
	9		Sold land that cost $64,000 for cash of $64,000.
	11		Sold goods on account to Dryer Builders Inc., $12,198 (cost, $7,706).
	11		Received cash from Ijri Ltd. in full settlement of its account receivable from November 1.
	13		Cash sales of merchandise for the week were $7,980 (cost, $5,144).
	15		Sold inventory on credit to Rapp and Howe, a partnership, $3,200 (cost, $2,068).
	18		Received inventory sold on November 8 to Izzo Ltd. for $480. The goods shipped were the wrong colour. These goods cost Beauchamp Supply $292.
	19		Sold merchandise on account to Dryer Builders, $14,400 (cost, $11,854).
	20		Cash sales of merchandise for the week were $9,320 (cost, $6,296).
	21		Received $6,400 cash from Izzo Ltd. in partial settlement of its account receivable. There was no discount.
	22		Received payment in full from Rapp and Howe for its account receivable from November 15.
	22		Sold goods on account to Diamond Inc., $8,088 (cost, $5,300).
	25		Collected $6,400 on a note receivable.
	27		Cash sales of merchandise for the week totalled $8,910 (cost, $5,808).
	27		Sold inventory on account to Littleton Corporation, $7,580 (cost, $5,868).
	28		Received goods sold on November 22 to Diamond Inc. for $2,720. The goods were shipped in error so were returned to inventory. The cost of these goods was $1,920.
	28		Received $7,440 cash on account from Izzo Ltd..

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