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., $2,190 plus sales tax. 5 Donachie & Co. returned merchandise from Sale No. 33C for credit (Credit Memo No. 66), $40 plus sales tax. 7 Cash sales for the week were $3,140 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 $4,100 plus sales tax. 16 Eck Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $34 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 $2,510 plus sales tax. 25 Sale on account No. 33G to Eck Bakery, $2,010 plus sales tax. 27 Sale on account No. 33H to Whitaker Group, $2,070 plus sales tax. 28 Cash sales for the week were $3,420 plus sales tax. ACCOUNT Sales Tax Payable 231 ACCOUNT NO. BALANCE DEBIT DATE ITEM POST. REF. DEBIT CREDIT CREDIT 20-- Mar. 1 J7 Mar. 3 17 Mar. 5 J7 Mar. 7 17 Mar. 11 17 TION TIIT MTI LIITTIII IIIIIIII 98.40 657.60 Mar. 14 JS Mar. 16 JS Mar. 18 JS Mar. 21 J8 Mar. 25 JS 160.80 1,550.88 Mar. 27 J8 Mar. 28 19 ACCOUNT Sales ACCOUNT NO. 401 BALANCE CREDIT DATE ITEM POST. REF. DEBIT CREDIT DEBIT 20- Mar. 1 J7 Mar. 3 J7 Mar. 7 17 Mar. 11 17 Mar. 14 JS 4,100 12,360 III IIIIIIII MIT Mar. 18 J8 Mar. 21 Mar. 25 13 18 18 19 Mar. 27 Mar. 28 ACCOUNT Sales Returns and Allowances ACCOUNT NO. 401.1 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- Mar. 5 17 Mar. 16 JS NAME ADDRESS DATE ACCOUNTS RECEIVABLE LEDGER Donachie & Co. 1424 Jackson Creek Road, Nashville, IN 47448-2245 POST. REF. DEBIT CREDIT ITEM BALANCE 20-- Mar. 1 17 Mar. 5 J7 Mar. 10 17 NAME ADDRESS DATE Eck Bakery 6422 E. Bender Road, Bloomington, IN 47401-7756 POST. REF. DEBIT CREDIT ITEM BALANCE 20-- Mar. 11 JZ Mar. 16 JS Mar. 20 18 Mar. 25 18 NAME ADDRESS DATE R. J. Kibubu, Inc. 3315 Longview Avenue, Bloomington, IN 47401-7223 POST. REF. DEBIT ITEM CREDIT BALANCE 20-- Mar. 3 J7 Mar. 13 17 Mar. 18 JS NAME ADDRESS DATE 20-- Whitaker Group 2300 E. National Road, Cumberland, IN 46229-4824 POST. REF. DEBIT CREDIT ITEM BALANCE Mar 1 Balance 1,016 Mar. 27 18
