Problem 9.3A (Algo) Journalizing sales and cash receipts and posting to the general ledger. LO 9-3 - 1, 9 - 2 , Awesome Sounds is a wholesale business that sells musical instruments. Transactions involving sales and cash receipts for the firm during April 20X1 follow, along with the general ledger accounts used to record these transactions.

Problem 9.3A (Algo) Journalizing sales and cash receipts and posting to the general ledger. LO 9-1, 9-2, 9-3 Awesome Sounds is a wholesale business that sells musical instruments. Transactions involving sales and cash receipts for the firm during April 201 follow, along with the general ledger accounts used to record these transactions. GENERAL LEDGER ACCOUNTS DATE TRANSACTIONS April 1 Sold nerchandise for $4,500 to Soprano Music Center; 1ssued Invoice 9312 with terms of 2/10, n/30. 3 Received a check for $1,764 from Music Supply Store in payment of Invoice 6718 of March 25 ( $1,800 ), Less a cash discount ($36). 5 Sold merchandise for $1,725 in cash to a new custoser who has not yet established credit. 8 Sold merchandise for $5,100 to Music Warehouse; issued Invoice 9313with terms of 2/10, n/30. 10 Soprano Music Center sent a check for $4,410 in payment of Invoice 9312 of April 1 ( $4,500), less a cash discount (\$98). 15 Accepted a return of danaged =erchandise fron Music warehouse; issued Credit Menorandum 105 for $860; the original sale was made on Invoice 9313 of April 8. 19 Sold merchandise for $11,100 to Eagleton Music Center; issued Invoice 9314 with terms of 2/10, n/30. 23 Collected $3,125 fron Sounds Fron Yesterday for Invoice 6725 of March 25. 26 Accepted a two-month pronissory note for 56,100 from Country Music Store in settleent of its overdue account; the note has an interest rate of 12 percent. 28 Received a check for $10,878 fros Eagleton Mas ic Center in paytent of Invoice 9314 , dated April 19 ( $11,100), less a cash discount ($222). 30 Sold merchandise for $10,400 to Contesporary Sounds, Inc.; issued Invoice 9315 with terms of 2/10, n/30. Required: 1. Open the general ledger accounts and enter the balances as of April 1, 201. 2. Record the transactions in a sales journal, a cash receipts journal, and a general journal. 3. Post the entries from the general journal to the general ledger. 4. Post the column totals from the special journals to the proper general ledger accounts. 5. Prepare the heading and the Revenue section of the firm's income statement for the month ended April 30 . \begin{tabular}{|c|c|c|c|c} Leneral Sales Journal & Cash Receipts & General Journal & Income Statement & Analyze \\ \hline Post the opening balances and transactions into the appropriate ledger accounts. \end{tabular} Salos Journal > Record the transactions in a sales journal as of April 201. Record the transactions in a general journal as of April 201. Journal entry worksheet Record the return of damaged merchandise, Credit Memo 105, sale originally made on Invoice 9313 from April 8. Note: Enter debits before credits. Record the transactions in a cash receipts journal as of April 201. Record the transactions in a general journal as of April 201. Journal entry worksheet Record the receipt of a 2-month, 12% note from Country Music Store to replace the open account. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the heading and the Revenue section of the firm's income statement for the month ended April 30. What total sales on account were made In the month of April prior to any returns or allowances