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)
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)
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 4AP
Related questions
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)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning