Question
Record the following transactions in the cash receipts journal: (Format is given Below) March: 3 Received Rs 6000 from J.Ballin settlement of her account 10
- Record the following transactions in the cash receipts journal: (Format is given Below)
March: 3 Received Rs 6000 from J.Ballin settlement of her account
10 Received Rs 6150 from B. Elder in settlement of his account
14 Cash sales for a 2-week period, Rs 4,400
28 Sold Rs 2000 of office supplies to T.S Company (not a merchandise item)
30 Owner made additional investment, Rs 15,000
30 Cash sales for the last two weeks, Rs 2600
Answer:
| Date | Account Credit | Cash Dr. | Ac. Rec Cr. | Sales Income Cr. | OE Cr. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting And Reporting QandA 2020
Authors: ACA Simplified
1st Edition
1661682820, 978-1661682828
