Sales and Cash Receipts Transactions Sourk Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20--. There is an 8% sales tax. Mar. 1 Sale on account No. 33C to Donachie & Co., $1,700 plus sales tax. 3 Sale on account No. 33D to R. J. Kibubu, Inc., $2,220 plus sales tax. 5 Donachie & Co. returned merchandise from Sale No. 33C for a credit (Credit Memo No. 66), $40 plus sales tax. 7 Cash sales for the week were $3,160 plus sales tax. 10 Received payment from Donachie & Co. for Sale No. 33C less Credit Memo No. 66. 11 Sale on account No. 33E to Eck Bakery, $1,200 plus sales tax. 13 Received payment from R. J. Kibubu for Sale No. 33D. 14 Cash sales for the week were $3,700 plus sales tax. 16 Eck Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $32 plus sales tax. 18 Sale on account No. 33F to R. J. Kibubu, Inc., $2,690 plus sales tax. 20 Received payment from Eck Bakery for Sale No. 33E less Credit Memo No. 67. 21 Cash sales for the week were $2,520 plus sales tax. 25 Sale on account No. 33G to Eck Bakery, $1,960 plus sales tax. 27 Sale on account No. 33H to Whitaker Group, $2,190 plus sales tax. 28 Cash sales for the week were $3,330 plus sales tax. 1. Record the transactions in the general journal. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. DATE DESCRIPTION GENERAL JOURNAL POST. REF. 20-- Mar. 1 Mar. 3 122/ Mar. 5 401.1 DEBIT PAGE 7 CREDIT 1111 111 111 111 11 LUT LU 110 111 111 111 | 122/V 401 231 401 231 231 122/v 401 231 122/V 122/V 401 231 LUT Mar. 7 101 Mar. 10 101 Mar. 11 Mar. 13 101 122/ GENERAL JOURNAL DATE DESCRIPTION POST. REF. 20-- Mar. 14 101 401 231 Mar. 16 401.1 231 122/v Mar. 18 122/ 401 231 Mar. 20 101 122/v Mar. 21 101 401 231 DEBIT PAGE 8 CREDIT 111 111 1111 111 Mar. 25 122/V 401 231 LUL Mar. 27 122/V 401 231 110 111 111 | 111 LUL GENERAL JOURNAL PAGE 9 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Mar. 28 101 401 231 LUL 2. Beginning general ledger account and customer account balances have been entered below. Post from the journal to the general ledger and accounts receivable ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. GENERAL LEDGER ACCOUNT Cash ACCOUNT NO. 101 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Mar. 1 Balance 9,568 Mar. 7 17 Mar. 10 17 Mar. 13 17 Mar. 14 18 Mar. 201 18 1,261.44 22,428.64 Mar. 21 18 Mar. 28 19 ACCOUNT Accounts Receivable DATE ITEM POST. REF. DEBIT CREDIT 20-- Mar. 1 Balance Mar. 1 17 Mar. 3 17 Mar. 5 17 Mar. 10 17 Mar. 11 17 1,296 Mar. 13 17 Mar. 16 18 Mar. 18 18 Mar. 20 18 Mar. 25 18 2,116.8 Mar. 27 18 0100 0000 ACCOUNT NO. DEBIT BALANCE 1,015 4,708.6 6,037 122 CREDIT ACCOUNT Sales Tax Payable ACCOUNT NO. 231 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Mar. 1 37 Mar. 3 37 Mar. 5 37 Mar. 7 37 Mar. 11 17 Mar. 14 18 Mar. 16 18 Mar. 18 18 Mar. 21 18 Mar. 25 38 Mar. 27 18 Mar. 28 19 1111-1111 11 659.2 1,526.24 ACCOUNT Sales ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT 20-- Mar. 1 37 Mar. 3 37 Mar. 7 37 Mar. 11 37 Mar. 14 18 3,700 Mar. 18 38 Mar. 21 18 Mar. 25 18 Mar. 27 18 Mar. 28 19 401 CREDIT 1111*11111 ACCOUNT Sales Returns and Allowances ACCOUNT NO. 401.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Mar. 5 37 Mar. 16 18 NAME ADDRESS ACCOUNTS RECEIVABLE LEDGER Donachie & Co. 1424 Jackson Creek Road, Nashville, IN 47448-2245 DATE ITEM POST. REF. 20-- Mar. 1 17 Mar. 5 17 Mar. 10 17 DEBIT CREDIT HT LUT BALANCE NAME ADDRESS DATE ITEM POST. REF. 20- Mar. 11 17 Mar. 16 18 Mar. 20 18 Mar. 25 18 NAME ADDRESS Eck Bakery 6422 E. Bender Road, Bloomington, IN 47401-7756 DEBIT CREDIT R. J. Kibubu, Inc. 3315 Longview Avenue, Bloomington, IN 47401-7223 DATE ITEM POST. REF. 20-- Mar. 3 17 Mar. 13 17 Mar. 18 18 NAME ADDRESS DEBIT TT Whitaker Group CREDIT 2300 E. National Road, Cumberland, IN 46229-4824 DATE ITEM POST. REF. 20-- Mar. 1 Balance Mar. 27 18 DEBIT CREDIT BALANCE BALANCE BALANCE 1,015