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Sunrise coffee shop, in an effort to streamline its accounting systems, has decide to utiliza a cash receipts journal. Record the follwing transactions for the
Sunrise coffee shop, in an effort to streamline its accounting systems, has decide to utiliza a cash receipts journal. Record the follwing transactions for the first two weeks in March, total the columns, and include the posting references. A partial chart of accounts is given below. After recording the transactions, indicate if there are any additional columns you would add to this journal.
Mar. 1 Received cash for beverage sales, 5375. 1 Received cash for food sales, $250. 1 Received cash for customer sales of Sunrise's signature caffee muss, $130. 7 Received cash for beverage sales, $480. 7 Received cash for food sales, $325. 7 Received cash for customer sales of Sunrise's signature coffee mugs, \$115. 10 Received cash on account from Certral.com, $900. If an amount box does not require an entry, leave it blank. 7 Received cash for beverage sales, $480. 7 Received cash for food sales, \$325. 7 Received cash for customer sales of Sunrise's signature coffee mugs, $115. 10 Received cash on account from Central.com, $900. If an amburk box does not require an ectry, leave it blank. Are there any additional columns you would add to this joumal Mar. 1 recieved cash for beverage sales, $375
1. recieved cash for food sales, $250
1. recieved cash for sutomer sales on Sunrise's signature coffee mugs, $130
7. recieved cash for beverage sales, $480
7. recieved cash for food sales, $325
7. recieved cash for customer sales of Sunrise's signature coffee mugs, $115
10. recieved cash on account from central.com, $900
Chart of accounts (Partial)
10 cash
12 accounts receivable
15 retail items
41 beverage revenue
42 food revenue
43 retail revenue
accounts credited (cash sales, retail revenue, A/R-central.com)
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