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Question 1 of 2 - 1 0 Pharoah Company's chart of accounts includes the following selected accounts. table [ [ 1 0 1 Cash,

Question 1 of 2
-10
Pharoah Company's chart of accounts includes the following selected accounts.
\table[[101 Cash,401,Sales Revenue],[Accounts Receivable,414,Sales Discounts],[Inventory,505,Cost of Goods Sold],[Owner's Capital,,]]
On April 1, the accounts receivable ledger of Pharoah Company showed the following balances: Morrow $1,570, Rose $1,220, Jennings Co. $2,900, and Dent $2,150. The April transactions involving the receipt of cash were as follows.
Apr. The owner, T. Pharoah, invested additional cash in the business $7,220.
1
4 Received check for payment of account from Dent less 2% cash discount.
5 Received payment in full for $940 from Jennings Co for invoice no.307.
8 Made cash sales of merchandise totaling $7,260. The cost of the merchandise sold was $4,356.
10 Received payment in full for $625 from Morrow for invoice no.309.
11 Received cash refund from a supplier for damaged merchandise $715.
23 Received payment in full for $1,140 from Jennings Co. for invoice no.310.
29 Received check for payment of account from Rose (no cash discount allowed).
(a)
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 to 0 decimal places, e.g.5,275.)
Cash Receipts Journal
Cash Dr.
Sales Discounts Dr.
Accounts Receivable Cr.
Sales Re
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