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, $9,791; and Accounts Receivable, $1028.50. Beginning customer account balances were Thompson Group, $1028.50. Mar. 1 Sold merchandise to Able & Co., $1,763, plus sales tax. Sale No. 33C. 3 Sold merchandise to R. J. Kalas, Inc., $2,203, plus sales tax. Sale No. 33D. 5 Able & Co. returned merchandise from Sale No. 33C for a credit (Credit Memo No. 66), $33, plus sales tax. 7 Made cash sales for the week, $3,173, plus sales tax. 10 Received payment from Able & Co. for Sale No. 33C less Credit Memo No. 66. 11 Sold merchandise to Blevins Bakery, $1,199, plus sales tax. Sale No. 33E. 13 Received payment from R. J. Kalas for Sale No. 33D. 14 Made cash sales for the week, $4,192, plus sales tax. 16 Blevins Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $40, plus sales tax. 18 Sold merchandise to R. J. Kalas, Inc., $2,595, 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, $2,396, plus sales tax. 25 Sold merchandise to Blevins Bakery, $1,904, plus sales tax. Sale No. 33G. 27 Sold merchandise to Thompson Group, $2,033, plus sales tax. Sale No. 33H. 28 Made cash sales for the week, $3,542, plus sales tax. Required: If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. 1. Record the transactions in the sales journal, cash receipts journal, and general journal. Total, verify, and rule the columns where appropriate at the end of the month. Page: 6 DATE SALE NO TO WHOM SOLD POST. REF. ACCOUNTS RECEIVABLE DEBIT SALES CREDIT SALES TAX PAYABLE CREDIT 1 Mar. 1 33C Able and Co. 1,904.04 1,763 141.04 1 2 Mar. 3 33D R. J. Kalas, Inc. 2,379.24 2,203 176.24 2 3 Mar. 11 33E Blevins Bakery 1,294.92 1,199 95.92 3 4 Mar. 18 33F R. J. Kalas, Inc. 2,802.6 2,595 207.6 4 5 Mar. 25 33G Blevins Bakery 2,056.32 1,904 152.32 5 6 Mar. 27 33H Thompson Group 2,195.64 2,033 162.64 6 7 12,632.76 11,697 935.76 7 8 (122) (401) (231) 8 Debit total: $ 12,632.76 Credit total: $ 11,697 Total, verify, and rule the columns where appropriate at the end of the month. Cash Receipts Journal Page 9 Date Account Credited Post. ref General Credit Accounts Receivable Credit Sales Credit Sales Tax Payable Credit Cash Debit Mar. 7 3,173 253.84 3,426.84 Mar. 10 Able & Co. 1,730 138.40 1,868.40 Mar. 13 R. J. Kalas, Inc. 2,203 176.24 2,379.24 Mar. 14 4,192 335.35 4,527.36 Mar. 20 Blevins Bakery 1,155.80 92.46 1,248.20 Mar. 21 2,396 191.68 2,587.68 Mar. 28 3,542 283.36 3,825.36 5,088.80 13,303 1,471.33 19,863.13 Debit total: $ 19,863.13 Credit total: $ 19,863.13 GENERAL JOURNAL PAGE 5 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Mar. 5 Sales Returns and Allowances 401 33 Sales Tax Payable 231 2.64 Accounts Receivable/Able & Co. 122 35.64 Credit Memo #66 Mar. 16 Sales Returns and Allowances 401 40 Sales Tax Payable 231 3.20 Accounts Receivable/Blevins Bakery 122 43.20 Credit Memo #67 2. Post from the journals to the general ledger and accounts receivable ledger accounts. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. ACCOUNT Cash ACCOUNT NO. 101 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Mar. 1 Balance ? Mar. 30 CR9 ACCOUNT Accounts Receivable ACCOUNT NO. 122 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Balance ? J5 J5 S6 CR9 ACCOUNT Sales Tax Payable ACCOUNT NO. 231 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- J5 J5 S6 CR9 ACCOUNT Sales ACCOUNT NO. 401 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- S6 CR9 ACCOUNT Sales Returns and Allowances ACCOUNT NO. 401.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- J5 J5 ACCOUNTS RECEIVABLE LEDGER NAME Able & Co. ADDRESS 1424 Jackson Creek Road, Nashville, IN 47448-2245 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- S6 J5 CR9 NAME Blevins Bakery ADDRESS 6422 E. Bender Road, Bloomington, IN 47401-7756 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- S6 J5 CR9 S6 NAME R. J. Kalas, Inc. ADDRESS 3315 Longview Avenue, Bloomington, IN 47401-7223 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- S6 CR9 S6 NAME Thompson Group ADDRESS 2300 E. National Road, Cumberland, IN 46229-4824 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Balance ? S6