May 1 received a check for $50 from virginia

50 On the forms provided in your working papers: the accounts and enter beginning balances in T-Shirt Tr Ins Open n the customer accounts in the accounts receivable 2) ends' general ledger. subsidiary ledger and record the beginning balances. Decord the following transactions in the sales journal (page 9), the cash receipts ournal (page 10), and the general journal (page 2) t to the customer accounts daily from the journals. Post the entries in the General Credit column of the cash receipts journal daily 6) Post general journal entries daily (7) Foot, p 8) Post the column totals from the special journals. 9) Prepare a schedule of accounts receivable. rove, total, and rule the sales and cash receipts journals. Date Transactions May 1 Received a check for $50 from Virginia Williams in payment of her account, Receipt 202 Sandpiper Sports Club sent a check for $882 in payment of their $900 account less 2% cash discount, Receipt 203. Sold Virginia Williams $300 in merchandise plus 5% sales tax of $15, Sales Slip 404. Received a check for $1,470 from Hal's Fitness Studios in payment of their $ 1,500 account balance less 2% cash discount, Receipt 2004. Virginia williams returned $100 in merchandise pltus sales tax of ss issued Credit Memo 50. Sold $700 in merchandise on account to Sandpiper Sports Club plus sales tax of $35, terms, 2/10, n/30, Sales Slip 405 14 Received S25 from the sale of supplies to Hanson's Market, Receipt 206. 5Cash sales amounted to $2,000 plus sales tax of $100, Tape 27, Bankcard sales were $1,500 plus sales tax of $75, Tape 27 Issued Credit Memo 51 to Roundabout Fashions for $210, which included $200 in defective merchandise and a sales tax of $10 1 Continued Appendix G