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., $1,600 plus sales tax.
3		Sale on account No. 33D to R. J. Kibubu, Inc., $2,100 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 $3,110 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, $1,230 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), $33 plus sales tax.
18		Sale on account No. 33F to R. J. Kibubu, Inc., $2,570 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 $2,510 plus sales tax.
25		Sale on account No. 33G to Eck Bakery, $1,910 plus sales tax.
27		Sale on account No. 33H to Whitaker Group, $2,200 plus sales tax.
28		Cash sales for the week were $3,440 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. Do not enter the posting references until you complete part 2.

GENERAL JOURNAL				PAGE 7
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--
Mar. 1	Accounts Receivable/Donachie & Co.	122/
	Sales	401
	Sales Tax Payable	231
Mar. 3	Accounts Receivable/R. J. Kibubu, Inc.	122/
	Sales	401
	Sales Tax Payable	231
Mar. 5	Sales Returns and Allowances	401.1
	Sales Tax Payable	231
	Accounts Receivable/Donachie & Co.	122/
Mar. 7	Cash	101
	Sales	401
	Sales Tax Payable	231
Mar. 10	Cash	101
	Accounts Receivable/Donachie & Co.	122/
Mar. 11	Accounts Receivable/Eck Bakery	122/
	Sales	401
	Sales Tax Payable	231
Mar. 13	Cash	101
	Accounts Receivable/R. J. Kibubu, Inc.	122/

GENERAL JOURNAL				PAGE 8
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--
Mar. 14	Cash	101
	Sales	401
	Sales Tax Payable	231
Mar. 16	Sales Returns and Allowances	401.1
	Sales Tax Payable	231
	Accounts Receivable/Eck Bakery	122/
Mar. 18	Accounts Receivable/R. J. Kibubu, Inc.	122/
	Sales	401
	Sales Tax Payable	231
Mar. 20	Cash	101
	Accounts Receivable/Eck Bakery	122/
Mar. 21	Cash	101
	Sales	401
	Sales Tax Payable	231
Mar. 25	Accounts Receivable/Eck Bakery	122/
	Sales	401
	Sales Tax Payable	231
Mar. 27	Accounts Receivable/Whitaker Group	122/
	Sales	401
	Sales Tax Payable	231

GENERAL JOURNAL				PAGE 9
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--
Mar. 28	Cash	101
	Sales	401
	Sales Tax Payable	231