Question
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
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., $1,800 plus sales tax. 3 Sale on account No. 33D to R. J. Kibubu, Inc., $2,120 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 $3,090 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 $3,900 plus sales tax. 16 Eck Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $24 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 $2,520 plus sales tax. 25 Sale on account No. 33G to Eck Bakery, $1,980 plus sales tax. 27 Sale on account No. 33H to Whitaker Group, $2,120 plus sales tax. 28 Cash sales for the week were $3,320 plus sales tax. Post all in the General Journal.
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