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The following transactions took place at Nickle's Sports Gear during the first week of October 20X1. DATE TRANSACTIONS Oct.1 Had cash sales of $7,600 plus

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The following transactions took place at Nickle's Sports Gear during the first week of October 20X1. DATE TRANSACTIONS Oct.1 Had cash sales of $7,600 plus sales tax of $688; there was a cash overage of $12. 2 Collected $988 on account from James Lynn, a credit customer. 3 Had cash sales of $5,40e plus sales tax of $432. 4 Nickie Martin, the owner, made an additional cash investment of $27.600. 6 Had cash sales of $7,4ee plus sales tax of $592; there was a cash shortage of $20. Indicate how these transactions would be entered in a cash receipts journal (Negative amounts should be indicated by a minus sign.) CASH RECEIPTS JOURNAL Accounts Sales Tax Sales Receivable Payable Credit Credit Credit Date Description Other Accounts Credit Account Name Amount Cash Debit

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