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) Cash Receipts Journal Jul Post. Accounts Sales Other Page 1 Cost of Goods Sold DR Date Account Credited Cash DR Ref. Rec. CR Rev. CR Accts CR Merchandise Inv. CR Jul 31 Totals Show how total debits equal total credits Total debits Total credits Cash receipts journal More info Jul. 2 Jul. 3 Jul. 7 Jul. 91 Jul. 10 Jul. 11 Jul. 12 Jul. 14 Jul. 15 Jul. 20 Jul. 21 Jul. 22 Jul. 25 Jul. 25 Jul. 27 Jul. 28 Jul. 29 Jul 31 Sold merchandise inventory on credit, terms n/30, to Intelimate, Inc. $1,800 (cost $400) Sold office supplies to an employee at cost. $90, receiving cash Cash sales for the week totaled $2,100 (cost, $1,100) Sold merchandise inventory on account, terms n/30, to A C Malloy, $7,200 (cost, $5,000) Sold land that cost $15,000 for cash of the same amount Sold merchandise inventory on account, terms n/30, to Sly Electric, $5,900 (cost $3,520). Received cash from Intelimate in full settlement of its account receivable from July 2 Cash sales for the week were $2.680 (cost, $1,600) Sold merchandise inventory on credit, terms n/30, to the partnership of West & Ban, $3,800 (cost $2.350) Sold merchandise inventory on account, terms n/30, to Sly Electric, $650 (cost, $350) Cash sales for the week were 5960 (cost, $650) Received $4.700 cash from A. C. Malloy in partial settlement of his account receivable Received cash from West & Ban for its account receivable from July 15 Sold merchandise inventory on account terms n/30, to Ogglo Co $1,590 (cost. $970) Collected $5,500 on a note receivable. There was no interest earned Cash sales for the week totaled $3,760 (cost, $2,440) Sold merchandise inventory on account, terms n/30, to R. D. Bart, $270 (cost $140) Received $1,500 cash on account from AC Malloy Data table Sits ed Print Done Number Account 11 Cash 18 Number Account Equipment 12 Accounts Receivable 19 Land 13 Notes Receivable 41 Sales Revenue 15 Merchandise Inventory 51 Cost of Goods Sold 16 Office Supplies Print Done X Requirements 1. Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column). 2. Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits. 3. Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals. (Assume all postings are made to the applicable ledgers.) Print Done Assume Barton Springs Glass Company uses the perpetual inventory system. The general ledger of Barton Springs Glass Company includes the following selected accounts, along with their account numbers (Click on the icon to view the accounts.) Sales and cash receipts transactions in July were as follows: (Click on the icon to view the transactions) Read the requirements C Requirement 1, 2, and 3. Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column) Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals Begin with the sales journal. Enter the transactions and total the journal (Assume all postings are made to the applicable ledgers. If a box is not used in the journal leave the box empty, do not select information and do not enter a zero) Page Date Invoice No. Jul 2 Sales Journal Customer Account Debited Post. Ref. Accounts Receivable DR Sales Revenue CR Cost of Goods Sold DR Merchandise Inventory CR Intelimate, Inc. 1000 400 9 A. C. Malloy 7200 5000 11 Sly Electric 5900 3520 15 West & Ban 3800 2350 20 Sly Electric 650 350 25 Oggio Co 1590 970 29 RD. Bart 270 140 Jul 31 Totals Show how total debits equal total credits Total debits 33040 Tetal credits 12730 21210 12730 Sales Journal Record the appropriate transactions in the cash receipts journal of 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) Page 1 Jul Cash Receipts Journal Post Accounts Date Account Credited Ref. Cash DR Rec. CR Sales Rev. CR Other Cost of Goods Sold DR Accts CR Merchandise Inv. CR Assume Barton Springs Glass Company uses the perpetual inventory system. The general ledger of Barton Springs Glass Company includes the following selected accounts, along with their account numbers (Click on the icon to view the accounts) Sales and cash receipts transactions in July were as follows: (Click on the icon to view the transactions) Read the requirements 15|| West & Ban 3800 2350 20 Sly Electric 650 350 25 Oggio Co 1590 970 29 RD. Bart 270 140 Jul 31 Totals Show how total debits equal total credits Sales journal Total debits. 33940 Total credits 12730 21210 12730 Record the appropriate transactions in the cash receipts journal (f 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, Inc Inventory) Cesh Receipts Journal Page 1 Date Account Credited Post. Accounts Ref. Cash DR Rec. CR Sales Other Rev. CR Accts CR Cost of Goods Sold DR Merchandise Inv. CR Jul 31 Totals Show how total debits equal total credits Total debits Cash receipts joumal Total credits