Problem 14-9 Recording and Posting Sales and Cash Receipts The partial chart of accounts for Buzz Newsstand is shown here. General Ledger 101 Cash in Bank 115 Accounts Receivable 135 Supplies 215 Sales Tax Payable 401 Sales 405 Sales Discounts 410 Sales Returns and Allowances Accounts Receivable Subsidiary Ledger ADK Adkins, Lee JAV Java Shops Inc. NAD ROL Nadal, Saba Rolling Hills Pharmacies BUZZ NOLIO REWETANO Tuo FIE AL X CREDIT MEMORANDUM ORIGINAL GROWL SMS DATE SWR 12/28 75 OT DENON 200 Magazines KIH DATE January 1, 20 AMOUNT 200 00 BUZZ RECEPT NEWSSTAND Union Terminal Building 2101 No. 76 R.COM, WA 93402 Tanmar. 20 20 RECEIVED FROM aw Shops Inc. 170.00 One Constand four Inouired sewerty and 100- DOLLARS FOR LON A WIL w ADORES Lee Addres 720 Dogwood Lane Searde, WA 98101 TRI 200100 REASON FORBETUAM damaged THE TUTAL SHATTHE HIIT WLL CREDITED TUTORIDOLINT SALGS Lee Adkins 12100 RECENED BY_Katin Harper CUSTOMER SQUATURE 21200 BUZZ RECEPT NEWSSTAND No. 75 Union Terminal Building. 101 Tacoma, WASBA January 3 20 RECEIVED FROM Rollins Hills Pharmacies 3 2254.00 DOLLARS Two thousand two hundred fiffon and/100 FOR on account BUZZ NEWSSTAND In buildeg, HOH TARIMAS 2 DATE: January 2, 20... NO. Pawan Sheps, be SOLD TO 1992 Country Plave Tecom, W98002 CLERK CASH CHARGE TERMS BA BORO UNIT IOTY DESCRIPTION PAUCE AMOUNT 14 ca Magazines 1,40000 Retracie RS 15.09 is og RECEIVED BY Kathy Harper BUZZ NEWSSTAND won 101 di WAWI DATE December 27 20 NOZ SUBTOTAL BALES TAXI SON 192 BUSTUTAL SALES TAX BUZZ NEWSBTAND Sten wir das H01 DATE December 27, 20__ Na 73 Rolling His Pharmacie SOLD TO 16 Meadow Lane Tacoma, WA 98.402 CLERK CASH CHARGE TERMS BA 2/10,n30 1.41509 8491 1.800.00 COPY TOTAL Thank You! UNIT PRICE GTY. DEBCAPTION 21 a Mayories Rack XOS AMOUNT 2,10000 6981 Jan. 15 Tape 25 2,500.00 150.00 CA ST SUBTOTAL 2,16981 SALES TAX 120119 TOTAL 2,30000 COPY Thank You! BUZZ NO 11 NAMAL ENCWSTANO Unte 4 X HD CREDIT MEMORANDUM ORIONAL CRIME BAD DATE SALES SE 1229 77 OTY DECRETO 2 Magazine racks KH. Jan. 15 Tape 25 Dee Janaury 7, 20__ ABOUT 300100 NAME ACEAE Sab Nadal 943 Prachure Drive Spokane, WA 99210 2,000.00 BCS 120.00 ST 200.00 REABOR FOARTAN Wrong size TUTOR SHOWN ATTHE RITMUL CRUITED TOYORADOUNT SU TUL SAUS TU Saba Nadal 18.00 CUSTOMER SUTURE TONE 318.00 BUZZ RECEIPT NEWSSTAND Union Terminal Buildng, 7101 No. 77 Ticom, WA 98402 January 20 20 = RECEIVED FROM_Janson Lee $40.00 Forty and 60/100 DOLLARS FOR_supplies RECEIVED BY Kathy Harper BUZZ NEWSSTAND Unit Ted Balding HOW Toma, WA 1840 DATE January 31, 20 NO. 114 RollinHIN Pharmacies BOLD 16 Meadow Land TO Tacoma, WA 98402 CLERK CASH CHAROE TERME BA 2/10, 1/30 UNIT QTV DESCRIPTION PRICE AMOUNT 20 Mayures 100W 3.000 100 BA RECENED BY Kathry Harper 2/10, 1/30 UNIT PRICE GTY DESCRIPTION 30 s Magazine AMOUNT 3,000.00 lody 17BUZZ Panton, with reading P101 NEWSSTAND RECEPT No. 78 20= January 25 $_636.00 RECEIVED FROM Lee Adkins Six Jaundred thirty-six and 00/100 SUBTOTAL BALES TAX TOTAL 2.000 100 180 100 3.18000 COPY DOLLARS Thank You! FORON account RECEIVED BY Kathy Harper 1. Use the source documents to record the transactions in the general journal. View transaction Ilst Journal entry worksheet Lee Adkins returned $200 in damaged merchandise purchased on account last month. Issued Credit Memorandum 10 for $212 ($200 in merchandise plus 6% sales tax of $12). Note: Enter debits before credits. Date General Journal Debit Credit Jan. 1 1. Use the source documents to record the transactions in the general journal. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Lee Adkins returned $200 in damaged merchandise purchased on account last month. Issued Credit Memorandum 10 for $212 ($200 in merchandise plus 6% sales tax of $12). Note: Enter debits before credits. Date General Journal Debit Credit Jan. 1 Record entry Clear entry View general Journal 2. Post each transaction to the appropriate general ledger and accounts receivable subsidiary ledger accounts. The current account balances are recorded in the accounts. The balances will be automatically calculated General Ledger Cash in Bank Balance Date Debit Credit Debit Credit Description Balance Jan 1 5,000 Accounts Receivable Date Description Debit Credit Balance Debit Credit 6,248 Jan 1 Balance Accounts Receivable Balance Date Debit Credit Debit Credit Description Balance Jan 1 6,248 Supplies Balance Date Debit Credit Debit Credit Description Balance Jan 1 300 Sales Tax Payable Balance Date Description Debit Credit Debit Credit Jan 1 Balance 1,348 Sales Tax Payable Balance Date Description Debit Credit Debit Credit Jan 1 Balance 1,348 Sales Balance Date Debit Credit Debit Credit Description Balance Jan 1 10,800 Sales Discounts Balance Date Description Debit Credit Debit Credit Jan 1 Balance 200 Sales Returns and Allowances Sales Returns and Allowances Balance Date Debit Credit Debit Credit Description Balance Jan 1 400 Accounts Receivable Subsidiary Ledger Adkins, Lee Balance Date Debit Credit Debit Credit Description Balance Jan 1 848 Java Shops Inc. Balance Date Description Debit Credit Debit Credit Jan 1 Balance 1,500 Nadal, Saba Balance Date Debit Credit Debit Credit Description Balance Jan 1 1,600 Nadal, Saba Balance Date Description Debit Credit Debit Credit Jan 1 Balance 1,600 Rolling Hills Pharmacies Balance Date Debit Credit Debit Credit Description Balance Jan 1 2,300 3. Calculate the net sales. Net Sales