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., $2,070 plus sales tax. 5 Donachie & Co. returned merchandise from Sale No. 33C for a credit (Credit Memo No. 66), $30 plus sales tax. 7 Cash sales for the week were $3,050 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 $3,800 plus sales tax. 16 Eck Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $38 plus sales tax. 18 Sale on account No. 33F to R. J. Kibubu, Inc., $2,580 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 $2,420 plus sales tax. 25 Sale on account No. 33G to Eck Bakery, $1,920 plus sales tax. 27 Sale on account No. 33H to Whitaker Group, $2,160 plus sales tax. 28 Cash sales for the week were $3,410 plus sales tax. 1. Record the transactions starting on page 7 of a general journal. Enter the posting reference when you complete part 2. DESCRIPTION GENERAL JOURNAL POST. REF. DEBIT PAGE 7 CREDIT DATE 20-- Mar. 1 Mar. 3 Mar 5 Mar. 71 Mar 10 Mar. 11 Mar. 13 Check My Work LII II! N DATE DESCRIPTION 20- Mar. 14 GENERAL JOURNAL POST. REF. DEBIT Mar. 16 LT Mar. 18 Mar. 201 Mar. 21 Mar. 25 Mar. 27 PAGE 8 CREDIT GENERAL JOURNAL PAGE 9 POST. REF. DEBIT CREDIT DATE DESCRIPTION 20- Mar. 28- 2. Post from the journal to the general ledger and accounts receivable ledger accounts. GENERAL LEDGER 20- Mar. 1 ACCOUNT Cash ACCOUNT NO. 101 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Balance 9,607.00 ACCOUNT Accounts Receivable DATE ITEM POST. REF. 20- Mar. 11 Balance ACCOUNT Sales Tax Payable DATE ITEM POST. REF. 20- Check My Work ACCOUNT NO. 122 BALANCE DEBIT CREDIT DEBIT CREDIT 1,016.00 ACCOUNT NO. 231 BALANCE DEBIT CREDIT DEBIT CREDIT 20- DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT ACCOUNT Sales ACCOUNT NO. 401 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- ACCOUNT Sales Returns and Allowances ACCOUNT NO. 401.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- NAME ADDRESS ACCOUNTS RECEIVABLE LEDGER Donachie & Co. 1424 Jackson Creek Road, Nashville, IN 47448-2245 DATE ITEM POST. REF. 20- NAME ADDRESS DEBIT CREDIT Eck Bakery 6422 E. Bender Road, Bloomington, IN 47401-7756 DATE ITEM POST. REP. 20- DEBIT CREDIT BALANCE BALANCE NAME ADDRESS R. J. Kibubu, Inc. 3315 Longview Avenue, Bloomington, IN 47401-7223 DATE ITEM POST. REF. 20- NAME ADDRESS DEBIT CREDIT Whitaker Group 2300 E. National Road, Cumberland, IN 46229-4824 DATE ITEM POST. REF. 20- Mar 1 Balance V DEBIT CREDIT BALANCE BALANCE 1,016.00