Problem 10-5A The following transactions were completed by Nelson's Boutique, a retailer, during July. Terms on sales on account are 2/10, n/30, FOB shipping point. July 3 Received cash from J. Smith in payment of June 29 invoice of $350, less cash discount. 6 Issued Ck. No. 1718, $742.50, to Designer, Inc., for invoice. no. 2256, recorded previously for $750, less cash discount of $7.50 Gold merchandise in the amount of $250 on a credit card. Sales tax on this sale is 690 The credit card fee the bank deducted for this transaction is $5 10 Issued Ck. No. 1719, $764.40, to Smart Style, Inc., for invoice no. 1825, recorded previously on account for $780. A trade discount of 25% was applied at the time of purchase, and Smart Style, Inc.'s credit terms are 2/10, n/30 12 Received $180 cash in payment of June 20 invoice from R. Matthews. No cash discount applied 18 Received $1,575 cash in payment of a $1,500 note receivable and interest of $75 21 Voided Ck. No. 1720 due to error. 25 Received and paid utility bill, $152; Ck. No. 1721, payable to City Utilities Company 31 Paid wages recorded previously for the month, $2,586, Ck. No. 1722 Journalize the transactions for July in the cash receipts journal as appropriate and total the columns. Assume the periodic inventory method is used If an amount box does not require an entry, leave it blank. CASH RECEIPTS JOURNAL PAGE SALES DISCOUNTS DEBIT ACCOUNTS RECEIVABLE CREDIT OTHER ACCOUNTS CREDIT ACCOUNT POST CASH SALES DATE CREDITED REF DEBIT CREDIT 20 July 3J. Smith 12 R. Matthews 18 Note Receivable Interest Income 31 Totals