Tamarisk Co.uses special journals and a general journal. On June 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $130,300, and the Accounts Payable control account had a credit balance of $143,200. The July transactions recorded in the special journals are summarized below. Tamarisk Co. maintains a perpetual inventory system. No entries that affected accounts receivable and accounts payable were recorded in the general journal for July. Sales journal: total sales, $95,070; cost of goods sold, $53,950 Purchases journal: total purchases, $37,000 Cash receipts journal: accounts receivable column total, $79,200 Cash payments journal: accounts payable column total, $42,900 To what accounts are the column totals for total sales of $95,070 and cost of goods sold of $53,950 in the sales journal posted? Account Effect Debit Credit Column total of 95,070 in the sales journal Column total of 53,950 in the cost of goods sold |