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Read the transactions. For each transaction note which journal the transaction would belong in. Complete only a Cash Receipts Journal. If need be, change title
Read the transactions. For each transaction note which journal the transaction would belong in. Complete only a Cash Receipts Journal.
If need be, change title of columns of the special journal
\begin{tabular}{|c|c|c|} \hline a. & Dec. 1 & \begin{tabular}{l} Jack Simmons, the owner contributed a $500,000 check from his personal account, which he \\ deposited into an account opened in the name of the business, to atart the business. \end{tabular} \\ \hline b. & Dec, 1 & \begin{tabular}{l} He rented space that had previousty been used by a shoe store and wrote check no. 100 for $9,000 \\ for the first six month's rent. \end{tabular} \\ \hline c. & Dec. 2 & He paid for instalation and phone usage $300 (check no. 101) \\ \hline d. & Dec. 2 & He paid for advertising in the local paper $150 (check no. 102). The ads will all run in December: \\ \hline e. & Dec. 2 & He purchased $500 of otfice supplies (check no, 103) \\ \hline 1. & Dec. 3 & \begin{tabular}{l} He paid $300 for insurance for threo months (Docernber 2018, January and Fobruary 2019 using \\ check no, 104). \end{tabular} \\ \hline g. & Doc. 4 & \begin{tabular}{l} He purchased 800 pairs of sneakers at $40 a pair- on account from Nike (using purchase order no. \\ 301 ). Payment terms were 2/10, net 30 . Assume the shoe store uses the perpetual inventory \\ system. \end{tabular} \\ \hline h. & Dec. 5 & \begin{tabular}{l} He purchased 500 pairs of dress shoes from Footwear Corp. on account for $20 a pair (using \\ purchase order no, 302 ). Payment terms were 2/10, net 30 \end{tabular} \\ \hline i. & Dec. 10 & \begin{tabular}{l} He made a saie on account of 20 pairs of sneakers at $100 a pair, to a local University - Highland \\ University (sales irvoice number 2000 ) for their basketball team. Payment terms were 2/10 net 30 . \end{tabular} \\ \hline 1 & Dec. 11 & \begin{tabular}{l} He made a sale on account of 2 pairs of dress shoes at $50 a pair (sales invoice no, 2001 ) to a local \\ charity, U.S. Veterans, that intended to raffle them off at one of their events. \end{tabular} \\ \hlinek & Dec. 12 & \begin{tabular}{l} He made a sale on account to The Jenson Group of 300 pairs of dress shoes at $50 a pair, to use \\ as part of an employee uniform. Payment terms were 2/10 net 30 . \end{tabular} \\ \hline t. & Doc. 14 & He made a cash sale for 2 sneakers at $120 each and 1 pair of shoes for $60. \\ \hlinem. & Dec. 14 & He paid the amount owed to Footwear Corp (check no 105) \\ \hline n. & Dec. 17 & Highland University rotumed 2 pairs of snoakers they had previcusly purchased on account. \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline j. & Dec. 11 & \begin{tabular}{l} He made a sale on account of 2 pairs of dress shoes at $50 a pair (sales invoice no. 2001) to a local \\ charity, U.S. Veterans, that intended to ratfle them off at one of their events. \end{tabular} \\ \hline k. & Dec. 12 & \begin{tabular}{l} He made a sale on account to The Jenson Group of 300 pairs of dress shoes at $50 a pair, to use \\ as part of an employee uniform. Payment terms were 2/10 net 30 . \end{tabular} \\ \hline L. & Dec. 14 & He made a cash sale for 2 sneakers at $120 each and 1 pair of shoes for $60. \\ \hline m. & Dec. 14 & He paid the amount owed to Footwear Corp (check no 105) \\ \hline n. & Dec. 17 & Highland University returned 2 pairs of sneakers they had previously purchased on account. \\ \hline o. & Dec. 18 & He recelved a check from Highland University in full payment of their balance. \\ \hline p. & Dec. 20 & \begin{tabular}{l} He made a cash sale to Charles Wilson of three pairs of sneakers at $120 each and 1 pair of dress \\ shoes at $60. \end{tabular} \\ \hline q. & Dec. 20 & He made a partial payment to Nike for $20,000 (check number 106) \\ \hline r. & Dec. 23 & Received a $400 utility bill which will be paid in January. \\ \hline s. & Dec. 27 & Received a check from The Jenson Group in the amount of $9,000. \\ \hline t. & Dec. 28 & He paid $2,000 of his balance to Nike (check number 107 ) \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline a. & Dec. 1 & \begin{tabular}{l} Jack Simmons, the owner contributed a $500,000 check from his personal account, which he \\ deposited into an account opened in the name of the business, to atart the business. \end{tabular} \\ \hline b. & Dec, 1 & \begin{tabular}{l} He rented space that had previousty been used by a shoe store and wrote check no. 100 for $9,000 \\ for the first six month's rent. \end{tabular} \\ \hline c. & Dec. 2 & He paid for instalation and phone usage $300 (check no. 101) \\ \hline d. & Dec. 2 & He paid for advertising in the local paper $150 (check no. 102). The ads will all run in December: \\ \hline e. & Dec. 2 & He purchased $500 of otfice supplies (check no, 103) \\ \hline 1. & Dec. 3 & \begin{tabular}{l} He paid $300 for insurance for threo months (Docernber 2018, January and Fobruary 2019 using \\ check no, 104). \end{tabular} \\ \hline g. & Doc. 4 & \begin{tabular}{l} He purchased 800 pairs of sneakers at $40 a pair- on account from Nike (using purchase order no. \\ 301 ). Payment terms were 2/10, net 30 . Assume the shoe store uses the perpetual inventory \\ system. \end{tabular} \\ \hline h. & Dec. 5 & \begin{tabular}{l} He purchased 500 pairs of dress shoes from Footwear Corp. on account for $20 a pair (using \\ purchase order no, 302 ). Payment terms were 2/10, net 30 \end{tabular} \\ \hline i. & Dec. 10 & \begin{tabular}{l} He made a saie on account of 20 pairs of sneakers at $100 a pair, to a local University - Highland \\ University (sales irvoice number 2000 ) for their basketball team. Payment terms were 2/10 net 30 . \end{tabular} \\ \hline 1 & Dec. 11 & \begin{tabular}{l} He made a sale on account of 2 pairs of dress shoes at $50 a pair (sales invoice no, 2001 ) to a local \\ charity, U.S. Veterans, that intended to raffle them off at one of their events. \end{tabular} \\ \hlinek & Dec. 12 & \begin{tabular}{l} He made a sale on account to The Jenson Group of 300 pairs of dress shoes at $50 a pair, to use \\ as part of an employee uniform. Payment terms were 2/10 net 30 . \end{tabular} \\ \hline t. & Doc. 14 & He made a cash sale for 2 sneakers at $120 each and 1 pair of shoes for $60. \\ \hlinem. & Dec. 14 & He paid the amount owed to Footwear Corp (check no 105) \\ \hline n. & Dec. 17 & Highland University rotumed 2 pairs of snoakers they had previcusly purchased on account. \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline j. & Dec. 11 & \begin{tabular}{l} He made a sale on account of 2 pairs of dress shoes at $50 a pair (sales invoice no. 2001) to a local \\ charity, U.S. Veterans, that intended to ratfle them off at one of their events. \end{tabular} \\ \hline k. & Dec. 12 & \begin{tabular}{l} He made a sale on account to The Jenson Group of 300 pairs of dress shoes at $50 a pair, to use \\ as part of an employee uniform. Payment terms were 2/10 net 30 . \end{tabular} \\ \hline L. & Dec. 14 & He made a cash sale for 2 sneakers at $120 each and 1 pair of shoes for $60. \\ \hline m. & Dec. 14 & He paid the amount owed to Footwear Corp (check no 105) \\ \hline n. & Dec. 17 & Highland University returned 2 pairs of sneakers they had previously purchased on account. \\ \hline o. & Dec. 18 & He recelved a check from Highland University in full payment of their balance. \\ \hline p. & Dec. 20 & \begin{tabular}{l} He made a cash sale to Charles Wilson of three pairs of sneakers at $120 each and 1 pair of dress \\ shoes at $60. \end{tabular} \\ \hline q. & Dec. 20 & He made a partial payment to Nike for $20,000 (check number 106) \\ \hline r. & Dec. 23 & Received a $400 utility bill which will be paid in January. \\ \hline s. & Dec. 27 & Received a check from The Jenson Group in the amount of $9,000. \\ \hline t. & Dec. 28 & He paid $2,000 of his balance to Nike (check number 107 ) \\ \hline \end{tabular}
Read the transactions. For each transaction note which journal the transaction would belong in. Complete only a Cash Receipts Journal.
If need be, change title of columns of the special journal
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