Saved FSE-145 Chapter 9 Homework Assignment i 3 $16,000 Dr. 20,600 Dr. 101 Cash 109 Notes receivable 111 Accounts receivable 401 Sales 451 Sales returns and allowances 452 Sales discounts 3 points eBook Print References DATE TRANSACTIONS April 1 sold merchandise for $3,500 to Soprano Music Center; issued Invoice 9312 with terms of 2/10, 1/30. 3 Received a check for $2,156 from Music Supply Store in payment of Invoice 6718 of March 25 ($2,200), less a cash discount (544). 5 Sold merchandise for 51,475 in cash to a new customer who has not yet established credit. 8 Sold merchandise for $4,100 to Music Warehouse; issued Invoice 9313 with terms of 2/10, n/30. 10 Soprano Music Center sent a check for $3,430 in payment of Invoice 9312 of April 1 (53,500), less a cash discount (570). 15 Accepted a return of damaged merchandise from Music Warehouse; issued Credit Memorandum 105 for $768; the original sale was made on Invoice 9313 of April 3. 19 Sold merchandise for $10,100 to Eagleton Music Center; issued Invoice 9314 with terms of 2/10, n/30. 23 Collected $2,875 from Sounds From Yesterday for Invoice 6725 of March 25. 25 Accepted a two-month promissory note for $5,100 from Country Music Store in settlement of its overdue account; the note has an interest rate of 12 percent. 28 Received a check for $9,898 from Eagleton Music Center in payment of Invoice 9314, dated April 19 ($10,100), less a cash discount ($202). 30 Sold merchandise for 39,400 to Contemporary sounds, Inc.; issued Invoice 9315 with terms of 2/10, 1/30. Required: 1. Open the general ledger accounts and enter the balances as of April 1, 20X1 2. Record the transactions in a sales journal, a cash receipts journal, and a general journal 3. Post the entries from the general Journal to the general ledger 4. Post the column totals from the special journals to the proper general ledger accounts 5. Prepare the heading and the Revenue section of the firm's income statement for the month ended April 30 Analyze: What total sales on account were made in the month of April prior to any returns or allowances? Complete this question by entering your answers in the tabs below. General Ledgers Sales Journal Cash Receipts General Journal Income Statement Analyze Record the transactions in a cash receipts journal as of April 20x! Saved FSE-145 Chapter 9 Homework Assignment i 3 $16,000 Dr. 20,600 Dr. 101 Cash 109 Notes receivable 111 Accounts receivable 401 Sales 451 Sales returns and allowances 452 Sales discounts 3 points eBook Print References DATE TRANSACTIONS April 1 sold merchandise for $3,500 to Soprano Music Center; issued Invoice 9312 with terms of 2/10, 1/30. 3 Received a check for $2,156 from Music Supply Store in payment of Invoice 6718 of March 25 ($2,200), less a cash discount (544). 5 Sold merchandise for 51,475 in cash to a new customer who has not yet established credit. 8 Sold merchandise for $4,100 to Music Warehouse; issued Invoice 9313 with terms of 2/10, n/30. 10 Soprano Music Center sent a check for $3,430 in payment of Invoice 9312 of April 1 (53,500), less a cash discount (570). 15 Accepted a return of damaged merchandise from Music Warehouse; issued Credit Memorandum 105 for $768; the original sale was made on Invoice 9313 of April 3. 19 Sold merchandise for $10,100 to Eagleton Music Center; issued Invoice 9314 with terms of 2/10, n/30. 23 Collected $2,875 from Sounds From Yesterday for Invoice 6725 of March 25. 25 Accepted a two-month promissory note for $5,100 from Country Music Store in settlement of its overdue account; the note has an interest rate of 12 percent. 28 Received a check for $9,898 from Eagleton Music Center in payment of Invoice 9314, dated April 19 ($10,100), less a cash discount ($202). 30 Sold merchandise for 39,400 to Contemporary sounds, Inc.; issued Invoice 9315 with terms of 2/10, 1/30. Required: 1. Open the general ledger accounts and enter the balances as of April 1, 20X1 2. Record the transactions in a sales journal, a cash receipts journal, and a general journal 3. Post the entries from the general Journal to the general ledger 4. Post the column totals from the special journals to the proper general ledger accounts 5. Prepare the heading and the Revenue section of the firm's income statement for the month ended April 30 Analyze: What total sales on account were made in the month of April prior to any returns or allowances? Complete this question by entering your answers in the tabs below. General Ledgers Sales Journal Cash Receipts General Journal Income Statement Analyze Record the transactions in a cash receipts journal as of April 20x