Record the following transactions for the month of June 20X1 in the cash receipts journal. Total, prove, and rule the cash receiptsjournal as of June 30.June 4 Collected $1,150 from Tom Whitney, a credit customer on account.9 Received a cash refund of $105 for damaged supplies.10 Laurie Bradley, the owner, invested an additional $14,500 cash in the business.21 Received a check from Scott White to pay his $2,300 promissory note plus interest of $127.26 Received $2,000 for cash sales of plus sales tax of $122. There was a cash overage of $19.DateJune 4, 20X1June 9, 20X1June 10, 20X1June 21, 20X1June 26, 20X1June 30, 20X1DescriptionTom WhitneyCash refundInvestmentCollect note Scott WhiteCash salesTotalsCASH RECEIPTS JOURNALAccountsReceivableCredit1,15014,5002,300Sales TaxPayableCredit$ 17,950 $105122227SalesCreditOther Accounts Credit$ 1,859Account TitleLaurie Bradley, CapitalSuppliesLaurie Bradley, CapitalNotes receivableInterest income1,859 Cash short or overAmount$10514,5002,3001271917,051CashDebit$ 1,15010514,5001272,427$ 18,309

Cash receipt journal records all cash reciepts of the business.

cion White sales of plus sales tax Accounts Receivable Credit CASH RECEIPTS JOURNAL $ 1,150 $ 14,500 2,300 Sales Tax Payable Credit 17,950 $ 105 here was a cash overage of $19 Sales Credit 122 227 $ Other Accounts Credit Account Title Laurie Bradley, Capital Supplies Laurie Bradley, Capital Notes receivable Interest income 1,859 Cash short or over 1,859 Amoun 14, 2,3 $ 17,

cion White sales of plus sales tax Accounts Receivable Credit CASH RECEIPTS JOURNAL $ 1,150 $ 14,500 2,300 Sales Tax Payable Credit 17,950 $ 105 here was a cash overage of $19 Sales Credit 122 227 $ Other Accounts Credit Account Title Laurie Bradley, Capital Supplies Laurie Bradley, Capital Notes receivable Interest income 1,859 Cash short or over 1,859 Amoun 14, 2,3 $ 17,

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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