Review the following transactions: (Click the icon to view the transactions.) Requirements 1. Prepare headings for...

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Review the following transactions: (Click the icon to view the transactions.) Requirements 1. Prepare headings for a cash receipts journal. Journalize the transactions that should be recorded in the cash receipts journal. 2. Total each column of the cash receipts journal. Requirements 1 & 2. Prepare headings for a cash receipts journal. Journalize the transactions that should be recorded in the cash receipts journal. Total each column of 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. Abbreviations used: Disc. = Discount, Acct. = Accounts, Pay. = Payable, Rec. = Receivable, Rev. = Revenue, Oth. = Other, COGS = Cost of Goods Sold, Mer. = Merchandise, Inv. = Inventory, and Sls Dsc. Forf. = Sales Discounts Forfeited.) More info PR Cash Receipts Journal Feb. 1 Sold merchandise inventory on account, terms n/30, to Clara Co., $1,475. Cost of goods, $880. Invoice no. 401. Feb. 6 Sold merchandise inventory for cash, $940 (cost, $660). Feb. 12 Collected interest revenue of $140. Feb. 15 Received cash from Clara Co. in full settlement of its account receivable. Feb. 20 Sold merchandise inventory on account, terms n/30, to Dump Co., issuing invoice no. 402 for $1,100 (cost, $925). Feb. 22 Sold merchandise inventory for cash, $650 (cost $430). Feb. 26 Sold office supplies to an employee for cash of $130. Feb. 28 Received $1,100 from Dump Co. in full settlement of its account receivable. - Page 1

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