Sunland 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 Sunland Company showed the following balances: Morrow $1,500, Rose $1,190, Jennings Co. $2,900, and Dent $2,000. The April transactions involving the receipt of cash were as follows.

Apr. 1 The owner, T. Sunland, invested additional cash in the business $7,300.

4 Received check for payment of account from Dent less 2% cash discount.

5 Received check for $905in payment of invoice no. 307 from Jennings Co.

8 Made cash sales of merchandise totaling $7,270. The cost of the merchandise sold was $4,362.00.

10 Received check for $580in payment of invoice no. 309 from Morrow.

11 Received cash refund from a supplier for damaged merchandise $720.

23 Received check for $1,040in payment of invoice no. 310 from Jennings Co.

29 Received check for payment of account from Rose (no cash discount allowed).

Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal.(Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. 5,275.)

Cash Receipts Journal

CR1

Date-Account Credited--Ref.--Cash Dr--Sales DiscountsDr---Accounts Receivable Cr--Sales Revenue Cr--Other Accounts Cr.--Cost of Goods Sold Dr Inventory Cr.

___ _____________ 301 _____ ___________ ___________ ____________ __________ _____________

___ _____________ _____ ___________ ___________ ____________ __________ _____________

___ _____________ _____ ___________ ___________ ____________ __________ _____________

___ _____________ _____ ___________ ___________ ____________ __________ _____________

___ _____________ _____ ___________ ___________ ____________ __________ _____________

___ _____________ 120 _____ ___________ ___________ ____________ __________ _____________

___ _____________ _____ ___________ ___________ ____________ __________ _____________

___ _____________ _____ ___________ ___________ ____________ __________ _____________

_____ ___________ ___________ ____________ __________ _____________

(101) (414) (112) (401) (x) (505)(120)