Record the appropriate transactions in the cash receipts journal. (If a box is not used in the journal leave the box empty; do not select information and do not enter a zero. Select "X" if the column total is not posted. Abbreviations used: Rec. = Receivables, Rev. = Revenue, Accts = Accounts, Inv. = Inventory) i More Info Assume Sparkling Springs Glass Company uses the perpetual inventory system. The general ledger of Sparkling Springs Glass Com (Click on the icon to view the accounts.) Sales and cash receipts transactions in July were as follows: i (Click on the icon to view the transactions.) Read the recuirements Jul. 2 Jul. 3 Cash Receipts Journal Jul 7 Post Accounts Sales Rec. CR Rev. CR Other Accts CR Page Cost of Goods Sold DR Merchandise Iny. CR Jul. 9 Date Account Credited Ref. Cash DR Jul. 10 Jul 3 Office Supplius 16 80 80 7 2300 2300 ||| 1500 Jul. 11 Jul. 12 Jul. 14 19 10000 10000 10 Land 12 Intel, Inc V Jul. 15 Sold merchandise inventory on credit, terms 1/30, to Intel, Inc., $1,500 (cost, $200). Sold office supplies to an employee at cost, S80, recelving cash. Cash sales for the week totaled $2,300 (cost $1,500). Sold merchandise inventory on account, terms 1/30, to A. B. Miller, $7,700 (cost, 55,200) Sold land that cost $10,000 for cash of the same amount Sold merchandise inventory on account, terms n/30, to Speedy Electric. $5,400 (cost. $3,350) Received cash from Intel in full settlement of its account receivable from July 2. Cash sales for the week were $2,600 (cost, $1,700). Sold merchandise inventory on credit, terms n/30, to the partnership of William & Bill, $3,400 (cost, $2,400) Sold merchandise Inventory on account, terma n/30, to Speedy Electric, $500 (cost, $250). Cash sales for the week were $980 (cost, S640). Received $4,000 cash from A. B. Miller in partial settlement of his account receivable. Received cash from William & Bill for its account receivable from July 15. Sold merchandise inventory on account, terms n/30, to Oscar Co., $1,520 (cost, $1,000). Collected $5,000 on a note receivable. There was no interest earned. Cash sales for the week totaled $3,710 (cost $2,450). . ) Sold merchandise inventory on account, terms n/30, to R. O. Bart, $200 (cost, $100). Received $2,700 cash on account from A. B. Miller, 14 Jul. 20 21 Jul. 21 7 22 A. B. Miller 25 William & Bill Jul. 22 Jul. 25 13 27 Notes Receivable 28 Jul. 25 Jul. 27 31 A B. Miller I Jul 31 Totals Jul. 28 Jul. 29 Jul. 31 Choose from any list or enter any number in the input fields and then click Check Answer. Print Done 1 part remaining Clear All