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StickUps Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred
StickUps Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred during the month of September 2020: Sept 3 Purchased merchandise on credit for $6,200 from Pacer Co. 7 Sold merchandise on credit to J. Namal for $1,800, subject to a 27 ales discount if paid by the end of the month. Coat, $1,000. 9 Borrowed $5,500 by giving a note to the bank. 13 The owner, Dale Trent, invested an additional $7,000 cash into the business. 10 Sold merchandise to B. Baird for $460 cash. Cost, $280. 22 Paid Pacer Co. 56,200 for the merchandise purchased on September 3. 27 Received $1,764 from J. Namal in payment of the September 7 purchase. 30 Paid salaries of $3,200. Required: Journalize the September transactions that should be recorded in the Cash Receipts Journal, assuming the periodic inventory system (Enter the transactions in the order provided in the question.) STICKUPS COMPANY Cash Receipts Journal Cash Dr. Sales Discount Dr. Date Accounts Credited Accounts Receivable Cr. Sales C. Other Accounts . Totals
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