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Problem 7-01A a-c (Video) Blossom Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts

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Problem 7-01A a-c (Video) Blossom Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of blossom Company showed the following balances: Morrow $1.500, Rose $1,200, Jennings Co. $2,850, and Dent $2,000. The April transactions involving the recept of cash were as follows. Apr. 1 4 5 idy 8 10 11 The owner, T. Blossom, invested additional cash in the business 37,100. Received check for payment of account from Dent less 2% cash discount. Received check for $870 in payment of invoice no. 307 from Jennings Co Made cash sales of merchandise totaling $7,200. The cost of the merchandise sold was $4,320,00 Received check for $550 in payment of invoice no. 309 from Morrow. Received cash refund from a supplier for damaged merchandise $690. Received check for $1,200 in payment of invoice no. 310 from Jennings Co. Received check for payment of account from Rose (no cash discount allowed) 23 29 CALCULATOR FULL SCREEN PRINTER 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 places, e.g. 5,275.) Cash Receipts Journal CRI Cost of Goods Sold Dr. Date Account Credited Ref. Cash Dr. Sales Discounts Dr. Accounts Receivable Cr. Sales Revenue Cr. Other Accounts r. Inventory Cr. 301 > V 120 (414) (101) (112) 00 (401) CARAT FEMEIN PLN Insert the beginning balances in the Accounts Receivable control and by accounts, and post the April transactions to these accounts (Pest entries in the order of entries presented in the previous art.) General Ledger Accounts Receivable Date Explanation Rel Dit No. 112 Balance Credit Be ORI Accounts Receivable Subsidiary Ledger Morrow Date Explanatie Het Debit C Illance Rudy ORI Rowe Date Explanation Hel. De Credit Balance CRI Jering Co. Explanation Rel. Date C Jennings Co. Date Explanation Ref. Debit Credit Balance Balance CRI CR1 Dent Date Explanation Ref. Debit Credit Balance Balance CRI udy LINK TO TEXT LINK TO TEXT Prove the agreement of the control account and subsidiary account balances. (Do not list those accounts that have zero ending balance.) Accounts receivable balance: $ Subsidiary account balances: $ LINK TO TEXT LINK TO TEXT Prove the agreement of the control account and subsidiary account balances. (Do not list those accounts that have zero ending balance Accounts receivable balance: Subsidiary account balances: $ Total

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