* More Info Jul. 2 Jul. 3 Jul. 7 Jul. 9 Jul. 10 Jul. 11 Jul. 12 Jul. 14 Jul. 15 Sold merchandise inventory on credit, terms n/30, to Ishmate, Inc., $1,800 (cost, $400). Sold office supplies to an employee at cost, $65, receiving cash. Cash sales for the week totaled $1,700 (cost, $1,640). Sold merchandise inventory on account, terms n/30, to A. C. Malloy, $7,300 (cost, $5,100) Sold land that cost $14,000 for cash of the same amount. Sold merchandise inventory on account, terms n/30, to Super Electric, $5,900 (cost, $3,450) Received cash from Ishmate in full settlement of its account receivable from July 2. Cash sales for the week were $2,500 (cost, $1,650). Sold merchandise inventory on credit, terms n/30, to the partnership of Wilke & Blinn, $3,100 (cost, $2,260). Sold merchandise inventory on account, terms n/30, to Super Electric, $650 (cost, $450). Cash sales for the week were $930 (cost, $600). Received $4,900 cash from A. C. Malloy in partial settlement of his account receivable. Received cash from Wilke & Blinn for its account receivable from July 15. Sold merchandise inventory on account, terms n/30, to Ogarth, Co., $1,560 (cost, $1,020) Collected $5,300 on a note receivable. There was no interest earned. Cash sales for the week totaled $3,720 (cost, $2,480). Sold merchandise inventory on account, terms n/30, to R. D. Bart, $270 (cost, $160). Received $1,400 cash on account from A. C. Malloy. Jul. 20 Jul. 21 Jul. 22 Jul. 25 Jul. 25 Jul. 27 Jul. 28 Jul. 29 Jul. 31 Print Done i Data Table Number Account Number Account 11 Cash 18 Equipment Land 12 19 13 41 Accounts Receivable Notes Receivable Merchandise Inventory Office Supplies 15 Sales Revenue Cost of Goods Sold 51 16 Print Done umn) and a cash receipts journal (omit the Sales Discounts Forfeited column). Total each column of box Requirements 0. DR y CR 1. Use the appropriate joumal to record the preceding transactions in a sales journal (omit the Invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column). 2. Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits. 3. Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals. (Assume all postings are made to the applicable ledgers.) Print Done Requirement 1, 2 and 3. Use the appropriate joumal to record the preceding transactions in a sales Journal (omit the Invoice No. column) and a cash rece 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 (Assume all postings are made to the applicable ledgers. If a box is not used in the Invoice Customer Account Debited Post. Ref. Dato Accounts Receivable DR Sales Revenue CR No. Cost of Goods Sold DR Merchandise Inventory CR Jul. Jul 31 Totals Show how total debits equal total credits Total debits Sales journal Total credits Record the appropriate transactions in the cash receipts journal. (If a box is not used in the joumal leave the box empty, do not select information and do not Cash Recipts Journal Page Sales Journal Record the appropriate transactions in the cash receipts journal. (If a box is not used in the journal leave the box empty, do not select infor Cash Recoleta Journal Post. Accounts Sales Other Cost of Goods Sold DR Date Account Credited Ref. Cash DR Rec. CR Rev. CR Accts CR Merchandise Inv. CR Jul. Jul. 31 Totals Show how total debits equal total credits. Total debits Total credits Cash receipts journal Choose from any list or enter any number in the input fields and then continue to the next
