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Sasser Company uses a sales journal, a cash receipts journal, and a general journal to record transactions with its customers. The cost of all merchandise

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Sasser Company uses a sales journal, a cash receipts journal, and a general journal to record transactions with its customers. The cost of all merchandise sold was 70% of the sales price. July 2 Sold merchandise for $21,000 to B. Stine on account. Credit terms 2/10,n/30. Sales invoice No. 100 . July 5 Received a check for $800 from R. Hyatt in payment of his account. July 8 Sold merchandise to F. Wendel for $900cash. July 10 Received a check in payment of Sales invoice No. 100 from B. Stine minus the 2% discount. July 15 Sold merchandise for $9,000 to J. Nott on account. Credit terms 2/10, n/30. Sales invoice No. 101. July 18 Borrowed $25.000 cash from United Bank signing a 6 -month, 10% note. July 20 Sold merchandise for $18,000 to C. Karn on account. Credit terms 2/10,n/30. Sales invoice No. 102. July 25 Issued a credit memorandum for $600 to C. Karn as an allowance for damaged merchandise previously sold on account. July 31 Received a check from J. Nott for $5,000 as payment on account. Record the transactions in the sales journal. (Record the transactions as presented in the problem.) Record the transactions in the general journal. (Record the transactions as presented in the problem. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. Attempts: 1 of 3 used Record the transactions in the cash receipts journal. (Record the transactions as presented in the problem) Attempts: 0 of 3 used Record the transactions in the cash receipts journal. (Record the transactions as presented in the problem.)

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