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Pharoah Company's chart of accounts includes the following selected accounts. On April 1, the accounts receivable ledger of Pharoah Company showed the following balances: Morrow
Pharoah Company's chart of accounts includes the following selected accounts. On April 1, the accounts receivable ledger of Pharoah Company showed the following balances: Morrow \$1,570, Rose \$1,220, Jennings Co. $2,900, and Dent $2,150. The April transactions involving the receipt of cash were as follows. Apr. The owner, T. Pharoah, invested additional cash in the business $7,220. 1 4 Received check for payment of account from Dent less 2% cash discount. 5 Received payment in full for $940 from Jennings Co for invoice no. 307. 8 Made cash sales of merchandise totaling $7,260. The cost of the merchandise sold was $4,356. 10 Received payment in full for $625 from Morrow for invoice no. 309. 11 Received cash refund from a supplier for damaged merchandise $715. 23 Received payment in full for $1,140 from Jennings Co. for invoice no. 310 . 29 Received check for payment of account from Rose (no cash discount allowed). Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. 5,275. Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. 5,275.)
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