Question
Sourk Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20--. There is an 8% sales tax. Mar. 1Sale
Sourk Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20--. There is an 8% sales tax.
Mar. 1Sale on account No. 33C to Donachie & Co., $1,700 plus sales tax.3Sale on account No. 33D to R. J. Kibubu, Inc., $2,190 plus sales tax.5Donachie & Co. returned merchandise from Sale No. 33C for a credit (Credit Memo No. 66), $40 plus sales tax.7Cash sales for the week were $3,140 plus sales tax.10Received payment from Donachie & Co. for Sale No. 33C less Credit Memo No. 66.11Sale on account No. 33E to Eck Bakery, $1,230 plus sales tax.13Received payment from R. J. Kibubu for Sale No. 33D.14Cash sales for the week were $4,100 plus sales tax.16Eck Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $34 plus sales tax.18Sale on account No. 33F to R. J. Kibubu, Inc., $2,580 plus sales tax.20Received payment from Eck Bakery for Sale No. 33E less Credit Memo No. 67.21Cash sales for the week were $2,510 plus sales tax.25Sale on account No. 33G to Eck Bakery, $2,010 plus sales tax.27Sale on account No. 33H to Whitaker Group, $2,070 plus sales tax.28Cash sales for the week were $3,420 plus sales tax.
1.Record the transactions in the general journal. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank.
GENERAL JOURNALPAGE 7DATEDESCRIPTIONPOST. REF.DEBITCREDIT20--Mar. 1Accounts Receivable/Donachie & Co.
2.Beginning general ledger account and customer account balances have been entered below. Post from the journal to the general ledger and accounts receivable ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. Enter the transactions in chronological order.
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