PLEASE FOLLOW THE INSTRUCTIONS

Assignment: Special Journals: Sales and Cash Receipts (12 Points)

Prepare a cash receipts journal based on the information given below and post it to the Accounts Receivable Subsidiary Ledger.

On Nov 17, Ms. Don & Co. received $1,450 from Gians Graze to apply on account. The source document for this transaction is Receipt 30. Instructions: 1. Prepare a sales journal entry based on the information given above and post it to the Accounts Receivable General Ledger account and to the Accounts Receivable Subsidiary Ledger. (Use November 7 for this transaction date.) ***This is the same entry that you made for the previous assignment. However, use the transaction date given (Nov. 7). 2. Enter the above transaction (Nov 17) into the Cash Receipts Journal and post it to the Accounts Receivable General Ledger account and to the Accounts Receivable Subsidiary Ledger. 3. Prepare a Schedule of Accounts Receivable and check to see that the total agrees with the Accounts Receivable ledger account.

			Sales Journal
Date	Doc. No.	Customer's Account Name	Post Ref.	Sales Credit	Sales Tax Payable Credit	Accounts Receivable Debit

				Cash Receipt Journal
Date	Doc. No.	Account Name	Post Ref.	Sales Credit	Sales Tax Payable Credit	Account Receivable Credit	Sales Discount Credit	Cash in Bank Debit

Date	Particulars	Post ref.	Debit	Credit	Balance
					Debit	Credit

	Ms. Don & Co. Schedule of Accounts Receivable November 30, 20xx
Account Name	Amount
Total Accounts Receivable		$