4 The following transactions took place during July. Record them in the appropriate records below. Total the Journals. July 4 Sold 4 Spaulding Racquets to Mentone Tennis Club, S60 each plus GST, Inv 530 5 Received $450 from Sports Plus, Rec 389 10 Sold 10 Kids Mini Racquets to Sports Plus for a total of $200 plus GST, Inv 531 17 Received the balance owing from June from Mentone Tennis Club, Rec 390 29 Sold 4 Spaulding Racquets to Mentone Tennis Club, $65 each plus GST, Inv 532 Sales Journal Total Date Accounts Receivable Invoice No. Sales GST Accounts Receivable Cash Receipts Journal Accounts Date Details Rec No Bank Sales Sundry GST Receivable Inventory Item Spaulding Racquets Methodi FIFO Inventory Coder SAKI12 Supplier: Music Mayhem IN OUT BALANCE Date Details Qty Unit Value Qty Unit Value Qty Unit Valu cost cost cost |July 1 Balance 28 56 30 240 Accounts Receivable Records Name: Mentone Tennis Club Date Details Document Sales Receipt Balance July 1 Balance 1000

4 The following transactions took place during July. Record them in the appropriate records below. Total the Journals. July 4 Sold 4 Spaulding Racquets to Mentone Tennis Club, S60 each plus GST, Inv 530 5 Received $450 from Sports Plus, Rec 389 10 Sold 10 Kids Mini Racquets to Sports Plus for a total of $200 plus GST, Inv 531 17 Received the balance owing from June from Mentone Tennis Club, Rec 390 29 Sold 4 Spaulding Racquets to Mentone Tennis Club, $65 each plus GST, Inv 532 Sales Journal Total Date Accounts Receivable Invoice No. Sales GST Accounts Receivable Cash Receipts Journal Accounts Date Details Rec No Bank Sales Sundry GST Receivable Inventory Item Spaulding Racquets Methodi FIFO Inventory Coder SAKI12 Supplier: Music Mayhem IN OUT BALANCE Date Details Qty Unit Value Qty Unit Value Qty Unit Valu cost cost cost |July 1 Balance 28 56 30 240 Accounts Receivable Records Name: Mentone Tennis Club Date Details Document Sales Receipt Balance July 1 Balance 1000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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