I sent part 1 and 2 already.. it doesn't all fitCash Receipts TransactionsZebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%.Dec. 1Received payment on account from Michael Anderson, $1,360.2Received payment on account from Ansel Manufacturing, $382.7Cash sales for the week were $3,160 plus tax. Bank credit card sales for the week were $1,000 plus tax. Bank credit card fee is 3%.8Received payment on account from J. Gorbea, $880.11Michael Anderson returned merchandise for a credit, $60 plus tax.14Cash sales for the week were $2,800 plus tax. Bank credit card sales for the week were $800 plus tax. Bank credit card fee is 3%.20Received payment on account from Tom Wilson, $1,110.21Ansel Manufacturing returned merchandise for a credit, $22 plus tax.21Cash sales for the week were $3,200 plus tax.24Received payment on account from Rachel Carson, $2,000.Required:1. Record the transactions in the general journal. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Do not enter the posting references until you complete part 2 The beginning general ledger account balances have been entered in the accounts. Post from the journal to the general ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. Enter the transactions in chronological order and in the order posted in part 1.Cash$9,862Accounts Receivable9,352 3. The beginning customer account balances have been entered in the accounts. Post the appropriate transactions to the accounts receivable ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Enter the transactions in chronological order and in the order posted in part 1.M. Anderson$2,480Ansel Manufacturing982J. Gorbea880R. Carson3,200T. Wilson1,810 ACCOUNTS RECEIVABLE LEDGERNAMEMichael AndersonADDRESS233 West 11th Avenue, Detroit, MI 59500-1154DATEITEMPOST. REF.DEBITCREDITBALANCE20-- Dec. 1Balance√ 2,480 J20fill in the blank 289fill in the blank 290fill in the blank 291 J20fill in the blank 293fill in the blank 294fill in the blank 295NAMEAnsel ManufacturingADDRESS284 West 88 Street, Detroit, MI 59522-1168DATEITEMPOST. REF.DEBITCREDITBALANCE20-- Dec. 1Balance√ 982 J20fill in the blank 297fill in the blank 298fill in the blank 299 J21fill in the blank 301fill in the blank 302fill in the blank 303NAMEJ. GorbeaADDRESSP.O. Box 864, Detroit, MI 59552-0864DATEITEMPOST. REF.DEBITCREDITBALANCE20-- Dec. 1Balance√ 880 J20fill in the blank 305fill in the blank 306fill in the blank 307NAMERachel CarsonADDRESS11312 Fourteenth Avenue South, Detroit, MI 59221-1142DATEITEMPOST. REF.DEBITCREDITBALANCE20-- Dec. 1Balance√ 3,200 J21fill in the blank 309fill in the blank 310fill in the blank 311NAMETom WilsonADDRESS100 NW Seward St., Detroit, MI 59210-1337DATEITEMPOST. REF.DEBITCREDITBALANCE20-- Dec. 1Balance√ 1,810 J21fill in the blank 313fill in the blank 314fill in the blank 315 **Accounts Receivable Ledger**---### **Michael Anderson**- **Address**: 233 West 11th Avenue, Detroit, MI 59500-1154 #### Ledger Entries:- **Date**: Dec. 1- **Item**: Balance- **Post. Ref.**: ✓- **Debit**: - **Credit**: - **Balance**: 2,480- **Date**: - **Item**: - **Post. Ref.**: J20- **Debit**: - **Credit**: ---### **Ansel Manufacturing**- **Address**: 284 West 88 Street, Detroit, MI 59522-1168#### Ledger Entries:- **Date**: Dec. 1- **Item**: Balance- **Post. Ref.**: ✓- **Debit**: - **Credit**: - **Balance**: 982- **Date**: - **Item**: - **Post. Ref.**: J20- **Debit**: - **Credit**: - **Date**: - **Item**: - **Post. Ref.**: J21- **Debit**: - **Credit**: ---**Explanation**:This diagram represents two separate accounts in an Accounts Receivable Ledger for Michael Anderson and Ansel Manufacturing. Each account shows a balance brought forward as of December 1st, indicated with the "Balance" item.- **Michael Anderson's account** begins with a balance of 2,480.- **Ansel Manufacturing's account** starts with a balance of 982.The Post Reference (Post. Ref.) indicates specific journal entries. While the items J20 and J21 are listed, no specific debits or credits are shown in this excerpt. **Customer Account Balances****1. Account Details: J. Gorbea**- **Address:** P.O. Box 864, Detroit, MI 59552-0864- **Date:** December 1st- **Item:** Balance- **Post Reference:** J20- **Credit:** $880**2. Account Details: Rachel Carson**- **Address:** 11312 Fourteenth Avenue South, Detroit, MI 59221-1142- **Date:** December 1st- **Item:** Balance- **Post Reference:** J21- **Credit:** $3,200**3. Account Details: Tom Wilson**- **Address:** 100 NW Seward St., Detroit, MI 59210-1337- **Date:** December 1st- **Item:** Balance- **Post Reference:** J21- **Credit:** $1,810This data represents the opening balances for three accounts as of December 1st of an unspecified year. Each entry includes the customer’s name, address, date, item description, post reference, and the account balance.

Cash Receipts Journal: It is a special book where only cash receipts transactions that are…

Answered: 1. Record the transactions in the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

I sent part 1 and 2 already.. it doesn't all fit

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, $1,360.
2	Received payment on account from Ansel Manufacturing, $382.
7	Cash sales for the week were $3,160 plus tax. Bank credit card sales for the week were $1,000 plus tax. Bank credit card fee is 3%.
8	Received payment on account from J. Gorbea, $880.
11	Michael Anderson returned merchandise for a credit, $60 plus tax.
14	Cash sales for the week were $2,800 plus tax. Bank credit card sales for the week were $800 plus tax. Bank credit card fee is 3%.
20	Received payment on account from Tom Wilson, $1,110.
21	Ansel Manufacturing returned merchandise for a credit, $22 plus tax.
21	Cash sales for the week were $3,200 plus tax.
24	Received payment on account from Rachel Carson, $2,000.

Required:

1. Record the transactions in the general journal. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Do not enter the posting references until you complete part 2 The beginning general ledger account balances have been entered in the accounts. Post from the journal to the general ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. Enter the transactions in chronological order and in the order posted in part 1.

Cash	$9,862
Accounts Receivable	9,352

3. The beginning customer account balances have been entered in the accounts. Post the appropriate transactions to the accounts receivable ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Enter the transactions in chronological order and in the order posted in part 1.

M. Anderson	$2,480
Ansel Manufacturing	982
J. Gorbea	880
R. Carson	3,200
T. Wilson	1,810

ACCOUNTS RECEIVABLE LEDGER
NAME	Michael Anderson
ADDRESS	233 West 11th Avenue, Detroit, MI 59500-1154
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Dec. 1	Balance	√			2,480
		J20	fill in the blank 289	fill in the blank 290	fill in the blank 291
		J20	fill in the blank 293	fill in the blank 294	fill in the blank 295

NAME	Ansel Manufacturing
ADDRESS	284 West 88 Street, Detroit, MI 59522-1168
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Dec. 1	Balance	√			982
		J20	fill in the blank 297	fill in the blank 298	fill in the blank 299
		J21	fill in the blank 301	fill in the blank 302	fill in the blank 303

NAME	J. Gorbea
ADDRESS	P.O. Box 864, Detroit, MI 59552-0864
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Dec. 1	Balance	√			880
		J20	fill in the blank 305	fill in the blank 306	fill in the blank 307

NAME	Rachel Carson
ADDRESS	11312 Fourteenth Avenue South, Detroit, MI 59221-1142
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Dec. 1	Balance	√			3,200
		J21	fill in the blank 309	fill in the blank 310	fill in the blank 311

NAME	Tom Wilson
ADDRESS	100 NW Seward St., Detroit, MI 59210-1337
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Dec. 1	Balance	√			1,810
		J21	fill in the blank 313	fill in the blank 314	fill in the blank 315

**Accounts Receivable Ledger**

---

### **Michael Anderson**

- **Address**: 233 West 11th Avenue, Detroit, MI 59500-1154

#### Ledger Entries:

- **Date**: Dec. 1
- **Item**: Balance
- **Post. Ref.**: ✓
- **Debit**:
- **Credit**:
- **Balance**: 2,480

- **Date**:
- **Item**:
- **Post. Ref.**: J20
- **Debit**:
- **Credit**:

---

### **Ansel Manufacturing**

- **Address**: 284 West 88 Street, Detroit, MI 59522-1168

#### Ledger Entries:

- **Date**: Dec. 1
- **Item**: Balance
- **Post. Ref.**: ✓
- **Debit**:
- **Credit**:
- **Balance**: 982

- **Date**:
- **Item**:
- **Post. Ref.**: J20
- **Debit**:
- **Credit**:

- **Date**:
- **Item**:
- **Post. Ref.**: J21
- **Debit**:
- **Credit**:

---

**Explanation**:

This diagram represents two separate accounts in an Accounts Receivable Ledger for Michael Anderson and Ansel Manufacturing. Each account shows a balance brought forward as of December 1st, indicated with the "Balance" item.

- **Michael Anderson's account** begins with a balance of 2,480.
- **Ansel Manufacturing's account** starts with a balance of 982.

The Post Reference (Post. Ref.) indicates specific journal entries. While the items J20 and J21 are listed, no specific debits or credits are shown in this excerpt.

**Customer Account Balances**

**1. Account Details: J. Gorbea**
- **Address:** P.O. Box 864, Detroit, MI 59552-0864
- **Date:** December 1st
- **Item:** Balance
- **Post Reference:** J20
- **Credit:** $880

**2. Account Details: Rachel Carson**
- **Address:** 11312 Fourteenth Avenue South, Detroit, MI 59221-1142
- **Date:** December 1st
- **Item:** Balance
- **Post Reference:** J21
- **Credit:** $3,200

**3. Account Details: Tom Wilson**
- **Address:** 100 NW Seward St., Detroit, MI 59210-1337
- **Date:** December 1st
- **Item:** Balance
- **Post Reference:** J21
- **Credit:** $1,810

This data represents the opening balances for three accounts as of December 1st of an unspecified year. Each entry includes the customer’s name, address, date, item description, post reference, and the account balance.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 4 steps with 13 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Sales Tax, Restaurant Tax and Lodging Taxes

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.