The sales and cash receipts journals of Reynolds Office Products include the following entries: Identify the missing
Question:
Identify the missing information in the cash receipts journal for those transactions listed. There are no sales discounts. Also, total the columns in the cash receipts journal and show that total debits equal total credits.
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Sales Journal Page 1 Invoice Customer Account Debited Accounts Receivable DR Sales Revenue CR Cost of Goods Sold DR Merchandise Inventory CR Date O. Post. Ref 2016 May 760 L. Ellen 145 90 10 602 10 603 E. Lease 12 604B. Gee T. Rex 34 43 75 170 May 31Total 460 218 Cash Receipts Journal Page 5 Post. Re Sales Sales Account Credited Accounts Other Cost of Goods Sold DR Merchandise Inventory CR Date f. Cash DR Discounts DR Receivable CR Revenue CR Accounts CR 2016 May 16 L. Ellen 19 E. Lease 24 30 T. Rex 350 350 230 May 31 Total
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