Sales Journal, Cash Receipts Journal, and General Journal Owens Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20-. There is an 8% sales tax. Beginning general ledger account balances were Cash, 59,796; and Accounts Recelvable, $1038.00. Beginning customer account balances were Thompson Group, $1038.00. Mar. 1 Sold merchandise to Able & Co., $1,834, plus sales tax Sale No. 33C. 3 Sold merchandise to R. J. Kalas, Inc., $2,236, plus sales tax. Sale No. 33D, S Able & Co. returned merchandise from Sale No. 330 for a credit (Credit Mero No. 66), $34, plus sales tax. 7 Made cash sales for the week, $3,118, plus sales tax. 10 Received payment from Able & Co. for Sale No. 33 less Credit Memo No. 66, 11 Sold merchandise to Blevins Bakery, $1,216, plus sales tax. Sale No. 335, 13 Received payment from R.). Kalas, Inc. for Sale No. 33D. 14 Made cash sales for the week. $4,168, plus sales tax. 16 Blevins Bakery returned merchandise from Sale No. 33for a credit (Credit Memo No. 67), $41, plus sales tax. 18 Sold merchandise to R.). Kalas, Inc. $2,572, plus sales tax Sale No. 335 20 Received payment from Blevins Bakery for Sale No. 33 less Credit Memo No. 67. 21 Made cash sales for the week. $2,374, plus sales tax. 25 Sold merchandise to Blevins Bakery, $1.940, plus sales tax, Sale No. 336 27 Sold merchandise to Thompson Group, 52,039, plus sales tax. Sale No. 33H. 25 Made cash sales for the week, $3,518. plus sales tax. Required: 101 2. Post from the journals to the general ledger and accounts receivable ledger accounts. ACCOUNT Cash ACCOUNT NO. BALANCE DATE DEBIT CREDIT DEBIT CREDIT ITEM POST. REF. 20- Mar. 1 Balance Mar. 31 CR9 ACCOUNT NO. 122 ACCOUNT Accounts Receivable BALANCE DEBIT CREDIT CREDIT DEBIT DATE ITEM POST. REF. 20-- Mar. 1 Balance V Mar. 5 15 Mar. 16 35 S6 Mar. 31 Mar. 31 CR9 ACCOUNT Sales Tax Payable ACCOUNT NO. 231 DATE ITEM POST. REF. BALANCE DEBIT CREDIT DEBIT CREDIT 20- Mar. 5 J5 Mar. 16 35 Mar. 31 S6 Mar. 31 CR9 ACCOUNT Sales ACCOUNT NO. 401 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- Mar. 31 56 Mar. 31 CR9 ACCOUNT NO A011 ACCOUNT Sales Returns and Allowances 401.1 ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- Mar. 5 JS Mar. 16 35 NAME ADDRESS ACCOUNTS RECEIVABLE LEDGER Able & Co. DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20.- Mar. 1 S6 Mar. 5 35 Mar. 10 CRO NAME Blevins Bakery ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Mar. 11 S6 Mar. 16 35 Mar. 20 CR9 Mar. 25 S6 R.). Kalas, Inc. NAME ADDRESS DATE ITEM POST. REF. DEBIT CREDIT HALANCE 20.- Mar. 3 S6 Mar. 13 CRO Mar. 18 S6
