T-Shirt Trends, a retail merchandising businesses special ou Instructions on the forms provided in your king papers Problem 1 Recording pedal business transaction 1. Record the fully transactions in the de journal (page 15), cash receipts journal (page 162 purchases poumal (page 15). cash payments fourrsal (page 16) 2. Foot prove, total, and rule the special journals. Date Transactions July 2 Sold $300 in merchandise on account to Dave Hioki plus 5% sales tax, Sales Stip 333 27 Purchased $1,400 in merchandise on account from Cherokee Productions, Inc., Involce 2001. terms 2/10, n/30. 3 fissued Check 535 for 51,960 in payment of Dancing Wind Clothing Manufacturers $2,000 invoice less a 2% discount. 4 Received 51,764 from Hal's Fitness Studios in payment of our $1,800 Invoice less a 29 discount, Receipt 200. 6 Purchased 52,000 in store equipment on account from Carter Office Supply, Invoice C0123, terms n/30. 6 Received 52,450 from Sandpiper Sports Club in payment of our $2,50 invoice less a 2% discount, Receipt 201. 7Sold $1,000 in merchandise on account plus 5% sales tax to Virginia Williams, Sales Slip 334. 8 Wrote Check 536 to Chapel Hills Realtors in payment of monthly rent of $900 8 Sold old office equipment for 575 cash to Ann Martin, an employee. Receipt 202 9 Purchased $3,000 in merchandise on account from CompuRite Solutions, Invoice CR79, terms 2/10, n/30. 10 Sold $3,500 in merchandise plus S% sales tax on account to Roundabout Fashions, Sales Stip 335. 12 Bought $150 in supplies from Palace Party Supplies, on account Invoice 876. 13 Issue! Check 537 for $1.600 to Academy Insurance Company for annual business insurance premium. 14 Wrote Check 538 to CompuRite Solutions for $2,940 in payment of Invoice CR79 for $3,000 less 2% discount. 15 Cash sales amounted to $3,000 plus 5% sales tax, Tape 29 TS Bankcard sales were $5,000 plus 5% sales tax, Tape 29 18 Purchased 51,100 in merchandise on account from Sullivan Screen Printers, Invoice 423, terms 2/10, n/30. 20 Purchased $750 in merchandise for cash from Cherokee Productions, Inc., Check 539. 22 Paid the monthly utility bill, siso, Check 540. 23 Purchased $4,500 in merchandise on account from Dancing Wind Clothing Manufacturers, Invoice 777, terms, 2/10, n/30. 24 Received $525 from Dave Hioki to apply on his account, Receipt 203. 24 Wrote Check 541 to Sullivan Screen Printers for $1,078 in payment of Invoice 423 for $1,100 less a 2% discount. 26 Issued Debit Memo 15 for $200 to Dancing Wind Clothing Manufacturers for the return of merchandise. 31 Cash sales amounted to $2,200 plus $110 sales tax, Tape 30. Bank card sales amounted to $1,500 plus $75.00 sales tax, Tape 30. 31
