Enter the following transactions in a cash receipts journal. Use a 5% sales tax rate. Total and rule the journal. If an amount box does not require an entry, leave it blank. Feb. 2 John Door made an $890 payment on account. 7 Cash sales for the week, $2,140, plus sales tax. 11 Tom Chovin made a $600 payment on account. 14 Grace Borsetti made a $1,540 payment on account. 18 Cash sales for the week, $2,300, plus sales tax. 24 Peter Chan paid $540 on account. 28 Jean Amore paid $350 on account. CASH RECEIPTS JOURNAL Page 1 Accounts Sales Tax Account General Receivable Sales Payable Cash Date Credited Post. Ref. Credit Credit Credit Credit Debit Feb. 2 John Door 7 Cash sales 11 Tom Chovin 14 Grace Borsetti 18 Cash sales 24 Peter Chan 28 Jean Amore
Enter the following transactions in a cash receipts journal. Use a 5% sales tax rate. Total and rule the journal. If an amount box does not require an entry, leave it blank. Feb. 2 John Door made an $890 payment on account. 7 Cash sales for the week, $2,140, plus sales tax. 11 Tom Chovin made a $600 payment on account. 14 Grace Borsetti made a $1,540 payment on account. 18 Cash sales for the week, $2,300, plus sales tax. 24 Peter Chan paid $540 on account. 28 Jean Amore paid $350 on account. CASH RECEIPTS JOURNAL Page 1 Accounts Sales Tax Account General Receivable Sales Payable Cash Date Credited Post. Ref. Credit Credit Credit Credit Debit Feb. 2 John Door 7 Cash sales 11 Tom Chovin 14 Grace Borsetti 18 Cash sales 24 Peter Chan 28 Jean Amore
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Enter the following transactions in a cash receipts journal. Use a 5% sales tax rate. Total and
rule the journal. If an amount box does not require an entry, leave it blank.
Feb. 2 John Door made an $890 payment on account.
7 Cash sales for the week, $2,140, plus sales tax.
11 Tom Chovin made a $600 payment on account.
14 Grace Borsetti made a $1,540 payment on account.
18 Cash sales for the week, $2,300, plus sales tax.
24 Peter Chan paid $540 on account.
28 Jean Amore paid $350 on account.
CASH RECEIPTS JOURNAL
Page 1
Accounts
Sales Tax
Account
General Receivable
Sales
Payable
Cash
Date
Credited
Post. Ref. Credit
Credit
Credit
Credit
Debit
Feb. 2 John Door
7 Cash sales
11 Tom Chovin
14 Grace Borsetti
18 Cash sales
24 Peter Chan
28 Jean Amore
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