Sheridan comp

cash receipt journal

1A a-c (Part Level Submission) (Video) pany's chart of accounts includes the following selected accounts. 401 Sales Revenue Receivable 414 Sales Discounts 505 Cost of Goods Sold Capital e accounts receivable ledger of Sheridan Company showed the following balances: Morrow $1,550, Rose $1,230, Jennings Co. $2,880, and Dent $ receipt of cash were as follows. e owner, T. Sheridan, invested additional cash in the business $7,120. ceived check for payment of account from Dent less 2% cash discount. ceived check for $880 in payment of invoice no. 307 from Jennings Co. de cash sales of merchandise totaling $7,220. The cost of the merchandise sold was $4,332.00. seived check for $595 in payment of invoice no. 309 from Morrow. ceived cash refund from a supplier for damaged merchandise $745. ceived check for $1,180 in payment of invoice no. 310 from Jennings Co. ceived check for payment of account from Rose (no cash discount allowed). e transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problems places, e.g. 5,275.) Cash Receipts Journal Sost of Good Problem 7-01A a-c (Part Level Submission) (Video) Sheridan Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Sheridan Company showed the following balances: Morrow $1,550, Rose $1,230, Jennings Cs. involving the receipt of cash were as follows. Apr. 1 4 5 8 The owner, T. Sheridan, invested additional cash in the business $7,120. Received check for payment of account from Dent less 2% cash discount. Received check for $880 in payment of invoice no. 307 from Jennings Co. Made cash sales of merchandise totaling $7,220. The cost of the merchandise sold was $4,332.00 Received check for $595 in payment of invoice no. 309 from Morrow. Received cash refund from a supplier for damaged merchandise $745. Received check for $1,180 in payment of invoice no. 310 from Jennings Co. Received check for payment of account from Rose (no cash discount allowed) 10 23 29 font the journal. (Record entries in the order displa PIUL Bey. 3,213.) DUES I the order displayed in the problem statement. R Cash Receipts Journal CRS Date Account Credited Ref. Cash Dr. Sales Discounts Dr. Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. Cast of Goods Sold Dr. Inventory Cr. 301 120 > > > > (505)(120) 00 (401) (112) (414) (101) Problem 7-01A a-c (Part Level Submission) (Video) Sheridan Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Sheridan Company showed the follo involving the receipt of cash were as follows. Apr. 1 4 The owner, T. Sheridan, invested additional cash in the business $7,1 Received check for payment of account from Dent less 2% cash disco eck for $880 in of invoice no. 307 from Jennings On April 1, the accounts receivable ledger of Sheridan Company showed the following balances involving the receipt of cash were as follows. Apr. 1 4 5 8 The owner, T. Sheridan, invested additional cash in the business $7,120. Received check for payment of account from Dent less 2% cash discount. Received check for $880 in payment of invoice no. 307 from Jennings Co. Made cash sales of merchandise totaling $7,220. The cost of the merchandise sold Received check for $595 in payment of invoice no. 309 from Morrow. Received cash refund from a supplier for damaged merchandise $745. Received check for $1,180 in payment of invoice no. 310 from Jennings Co. Received check for payment of account from Rose (no cash discount allowed). 10 11 23 29 (a)