The sales and cash receipts journals of Caverly Office Products include the following entries:

Identify the missing information in the cash receipts journal for those transactions listed. All credit sales are terms n/30. Assume all the accounts are paid in full. Also, total the columns in the cash receipts journal and show that total debits equal total credits.

Transcribed Image Text:

Sales Journal Page 1 Cost of Goods Sold DR Merchandise Inventory CR Invoice Accounts Receivable DR Customer No. Account Debited Post. Ref. Sales Revenue CR Date 2018 601 L. Ebert May 7 110 63 T. Ros 602 65 33 10 E. Loop 603 95 37 10 B. Goebel 12 604 120 76 Total 390 May 31 209 Page 5 Cost of Goods Sold DR Merchandise Inventory CR Cash Receipts Journal Sales Discounts Sales Other Account Post. Accounts Accounts CR Credited Ref. Cash DR Receivable CR Revenue CR Forfeited CR Date 2018 May 16 L. Ebert 19 E. Loop 24 320 320 250 30 T. Ross May 31 Total