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Sales Journal, Cash Receipts Journal, and General Journal Owens Distributors is a retail business. The following sales, retums, and cash receipts occurred during March 20--.
Sales Journal, Cash Receipts Journal, and General Journal Owens Distributors is a retail business. The following sales, retums, and cash receipts occurred during March 20--. There is an 8% sales tax. Beginning general ledger account balances were Cash $9.796; and Accounts Receivable, $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. 5 Able & Co. returned merchandise from Sale No. 330 for a credit (Credit Memo 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. 330 less Credit Memo No. 66. 11 Sold merchandise to Blevins Bakery, $1,216, plus sales tax. Sale No. 33E, 13 Received payment from R. J. Kalas, Inc. for Sale No. 330. 14 Made cash sales for the week, $4,168, plus sales tax. 16 Blevins Bakery returned merchandise from Sale No. 330 for a credit (Credit Memo No. 67), $41, plus sales tax. 18 Sold merchandise to R. J. Kalas, Inc. $2,572, plus sales tax. Sale No. 33 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. 33G. 27 Sold merchandise to Thompson Group, $2,039, plus sales tax. Sale No. 33H. 28 Made cash sales for the week, $3,518, plus sales tax
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