Question
Kozma Companys chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost
Kozma Companys chart of accounts includes the following selected accounts.
101 | Cash | 401 | Sales Revenue |
112 | Accounts Receivable | 414 | Sales Discounts |
120 | Inventory | 505 | Cost of Goods Sold |
301 | Owners Capital |
On April 1, the accounts receivable ledger of Kozma Company showed the following balances: Morrow $1,550, Rose $1,170, Jennings Co. $2,930, and Dent $2,070. The April transactions involving the receipt of cash were as follows.
Apr. 1 | The owner, T. Kozma, invested additional cash in the business $7,280. |
4 | Received check for payment of account from Dent less 2% cash discount. |
5 | Received check for $940in payment of invoice no. 307 from Jennings Co. |
8 | Made cash sales of merchandise totaling $7,275. The cost of the merchandise sold was $4,365. |
10 | Received check for $570in payment of invoice no. 309 from Morrow. |
11 | Received cash refund from a supplier for damaged merchandise $695. |
23 | Received check for $1,105in payment of invoice no. 310 from Jennings Co. |
29 | Received check for payment of account from Rose (no cash discount allowed). |
I need help journalizing the transactions above in a six-column cash receipts journal and cross-foot the journal. the transactions above in a six-column cash receipts journal and cross-foot the journal.
I also need help figuring out the accounts receivable for a general ledger.
General Ledger Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 CR1 Accounts Receivable Subsidiary Ledger Morrow Date Explanation Ref. Debit Credit Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 CR1 Rose Date Explanation Ref. Debit Credit Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 CR1 Jennings Co. Date Explanation Ref. Debit Credit Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 CR1 Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 CR1 Dent Date Explanation Ref. Debit Credit Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 Balance Apr. 1Apr. 4Apr. 5Apr. 10Apr. 23Apr. 29Apr. 30 CR1
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