Question
100%

Cash Receipts Transactions

Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%.

Dec. 1   Received payment on account from Michael Anderson, $1,350.
2   Received payment on account from Ansel Manufacturing, $350.
7   Cash sales for the week were $3,180 plus tax. Bank credit card sales for the week were $3,000 plus tax. Bank credit card fee is 3%.
8   Received payment on account from J. Gorbea, $870.
11   Michael Anderson returned merchandise for a credit, $60 plus tax.
14   Cash sales for the week were $2,760 plus tax. Bank credit card sales for the week were $760 plus tax. Bank credit card fee is 3%.
20   Received payment on account from Tom Wilson, $1,120.
21   Ansel Manufacturing returned merchandise for a credit, $18 plus tax.
21   Cash sales for the week were $3,300 plus tax.
24   Received payment on account from Rachel Carson, $2,070.

Required:

1. Record the transactions starting on page 20 of a general journal. Enter the posting references when you complete part 2. (image 1/ 1.10.53 PM.png)

1. Record the transactions starting on page 20 of a general journal. Enter the posting references when you complete part 2. (image 2)

GENERAL LEDGER
ACCOUNT
Cash
ACCOUNT NO.
101
BALANCE
DATE
ITEM
POST. REF.
DEBIT
CREDIT
DEBIT
CREDIT
20--
Dec. 1
Balance
9,860.00
dropdown
ACCOUNT
Accounts Receivable
ACCOUNT NO.
122
BALANCE
DATE
ITEM
POST. REF.
DEBIT
CREDIT
DEBIT
CREDIT
вес. 1
Balance
9,350.00
ACCOUNT
Sales Tax Payable
ACCOUNT NO.
231
BALANCE
DATE
ITEM
POST. REF.
DEBIT
CREDIT
DEBIT
CREDIT
0--
ACCOUNT
Sales
ACCOUNT No.
401
BALANCE
DATE
ITEM
POST. REF.
DEBIT
CREDIT
DEBIT
CREDIT
--
ACCOUNT
Sales Returns and Allowances
ACCOUNT No.
401.1
BALANCE
DATE
ITEM
POST. REF.
DEBIT
CREDIT
DEBIT
CREDIT
--
expand button
Transcribed Image Text:GENERAL LEDGER ACCOUNT Cash ACCOUNT NO. 101 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Dec. 1 Balance 9,860.00 dropdown ACCOUNT Accounts Receivable ACCOUNT NO. 122 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT вес. 1 Balance 9,350.00 ACCOUNT Sales Tax Payable ACCOUNT NO. 231 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 0-- ACCOUNT Sales ACCOUNT No. 401 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT -- ACCOUNT Sales Returns and Allowances ACCOUNT No. 401.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT --
GENERAL JOURNAL
PAGE 20
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
20--
Dec. 1
Received cash on account
Dec. 2
/V
Received cash on account
Dec. 7
Made cash sales
Dec. 7
Made credit card sales
Dec. 8
Received cash on account
Dec. 11
/V
Returned merchandise
Dec. 14
Made cash sales
GENERAL JOURNAL
PAGE 21
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
20--
Dec. 14
Made credit card sales
Dec. 20
expand button
Transcribed Image Text:GENERAL JOURNAL PAGE 20 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Dec. 1 Received cash on account Dec. 2 /V Received cash on account Dec. 7 Made cash sales Dec. 7 Made credit card sales Dec. 8 Received cash on account Dec. 11 /V Returned merchandise Dec. 14 Made cash sales GENERAL JOURNAL PAGE 21 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Dec. 14 Made credit card sales Dec. 20
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