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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-
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, $9,741; and Accounts Receivable, $1,058.25. Beginning customer account balances were Thompson Group, $1,058.25 Mar. 1 Sold merchandise to Able & Co.,1,800, plus sales tax. Sale No. 33c. 3 Sold merchandise to R. . Kalas, Inc., $2,240, plus sales tax. Sale No. 33D 5 Able & Co. returned merchandise from Sale No. 33C for a credit (Credit Memo No. 66), $30, plus sales tax. 7 Made cash sales for the week, $3,160, plus sales tax. 10 Received payment from Able & Co. for Sale No. 33C less Credit Memo No. 66 11 Sold merchandise to Blevins Bakery, $1,210, plus sales tax. Sale No. 33E 13 Received payment from R. . Kalas, Inc. for Sale No. 33D. 14 Made cash sales for the week, $4,200, plus sales tax. 16 Blevins Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $44, plus sales tax 18 Sold merchandise to R. J. Kalas, Inc., $2,620, plus sales tax. Sale No. 33F 20 Received payment from Blevins Bakery for Sale No. 33E less Credit Memo No. 67 21 Made cash sales for the week, $2,400, plus sales tax. 25 Sold merchandise to Blevins Bakery, $1,915, plus sales tax. Sale No. 33G. 27 Sold merchandise to Thompson Group, $2,016, plus sales tax. Sale No. 33H 28 Made cash sales for the week, $3,500, plus sales tax
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