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.
\begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ GENERAL JOURNAL } & \multirow{2}{*}{\begin{tabular}{l} PAGE 8 \\ CREDIT \\ \end{tabular}} \\ \hline DATE & DESCRIPTION & POST. REF. & DEBIT & \\ \hline \multicolumn{5}{|l|}{ 20-- } \\ \hline \multirow[t]{3}{*}{ Mar. 14} & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multirow[t]{3}{*}{ Mar. 16} & & & & \\ \hline & & & & \\ \hline & & 1/ & & \\ \hline \multirow[t]{3}{*}{ Mar. 18} & & 1/ & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multirow[t]{2}{*}{ Mar. 20} & & & & \\ \hline & & 1V & & \\ \hline Mar. 21 & & & & \\ \hline \end{tabular} Record the transactions starting on page 7 of a general journal. Enter the posting reference when you complete part 2. Mar. 21 Mar. 25 Mar. 27 \begin{tabular}{|c|c|c|c|c|c|} \hline NAME & \multicolumn{5}{|c|}{ Whitaker Group } \\ \hline ADDRESS & \multicolumn{5}{|c|}{2300 E. National Road, Cumberland, IN 46229-4824 } \\ \hline DATE & ITEM & POST. REF. & DEBIT & CREDIT & BALANCE \\ \hline \multicolumn{6}{|l|}{20} \\ \hline Mar. 1 & Balance & & & & 1,028.00 \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline NAME & \multicolumn{5}{|c|}{ Eck Bakery } \\ \hline ADDRESS & \multicolumn{5}{|c|}{6422 E. Bender Road, Bloomington, IN 47401-7756 } \\ \hline DATE & ITEM & POST. REF. & DEBIT & CREDIT & BALANCE \\ \hline \multicolumn{6}{|l|}{ 20-- } \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{c} NAME \\ ADDRESS \\ DATE \\ \end{tabular}} & \multicolumn{5}{|c|}{ R. J. Kibubu, Inc. } \\ \hline & \multicolumn{5}{|c|}{3315 Longview Avenue, Bloomington, IN 47401-7223 } \\ \hline & ITEM & POST. REF. & DEBIT & CREDIT & BALANCE \\ \hline \multicolumn{6}{|l|}{ 20-- } \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & * & & & \\ \hline \end{tabular} Durk Distributors is a retair Dusiness. 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., \$2,100 plus sales tax. 5 Donachie \& Co. returned merchandise from Sale No. 33C for a credit (Credit Memo No. 66 ), $50 plus sales tax. 7 Cash sales for the week were $3,230 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, $1,210 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 ), $40 plus sales tax. 18 Sale on account No. 33F to R. J. Kibubu, Inc., $2,550 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 $2,400 plus sales tax. 25 Sale on account No. 33G to Eck Bakery, $2,000 plus sales tax. 27 Sale on account No. 33H to Whitaker Group, $2,060 plus sales tax. 28 Cash sales for the week were $3,310 plus sales tax. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{c} ACCOUNT \\ DATE \end{tabular}} & \multirow[b]{3}{*}{ ITEM } & \multicolumn{3}{|c|}{ Accounts Receivable } & ACCOUNT NO. & 122 \\ \hline & & & & \multirow[b]{2}{*}{ CREDIT } & \multicolumn{2}{|c|}{ BALANCE } \\ \hline & & POST. REF. & DEBIT & & DEBIT & CREDIT \\ \hline \multicolumn{7}{|l|}{ 20-- } \\ \hline Mar. 1 & Balance & & & & 1,028.00 & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & * & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} 2. Post from the journal to the general ledger and accounts receivable ledger accounts
