Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Journalizing Cash Receipts Enter the following transactions in a cash receipts journal: July 6 Abel Linstron made payment on account, $693. 10 Made cash sales
Journalizing Cash Receipts
Enter the following transactions in a cash receipts journal:
July 6 | Abel Linstron made payment on account, $693. |
10 | Made cash sales for the week, $2,370. |
14 | Vassia Efron made payment on account, $430. |
15 | P. R. Picard made payment on account, $117. |
17 | Made cash sales for the week, $2,237. |
If the account credited column is not used, select "No entry".
ROW NUMBER | DATE | ACCOUNT CREDITED | POST. REF. | GENERAL CREDIT | ACCOUNTS RECEIVABLE CREDIT | SALES CREDIT | CASH DEBIT | ROW NUMBER | ||
---|---|---|---|---|---|---|---|---|---|---|
1 | Vassia EfronAbel LinstronP. R. PicardNo entryAbel Linstron | blank | blank | blank | Abel Linstron | Abel Linstron | Abel Linstron | Abel Linstron | 1 | |
2 | Vassia EfronAbel LinstronP. R. PicardNo entryNo entry | blank | blank | blank | No entry | No entry | No entry | No entry | 2 | |
3 | Vassia EfronAbel LinstronP. R. PicardNo entryVassia Efron | blank | blank | blank | Vassia Efron | Vassia Efron | Vassia Efron | Vassia Efron | 3 | |
4 | Vassia EfronAbel LinstronP. R. PicardNo entryP. R. Picard | blank | blank | blank | P. R. Picard | P. R. Picard | P. R. Picard | P. R. Picard | 4 | |
5 | Vassia EfronAbel LinstronP. R. PicardNo entryNo entry | blank | blank | blank | No entry | No entry | No entry | No entry | 5 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started