EXHIBIT 7.7 Cash Recelpts Joumal Page 2 Cash Recelpts Journal with Posting Sales Accounts Other Cost of Goods Discount Receivable Accounts Sold Dr. Date Account Credited Explanation PR Cash Dr. Cr. Sales Cr. Cr. Inventory Cr. Dr. Individual amounts In the Other Feb. 7 Sales 12 Jason Henry 14 Sales 17 Albert Co. 20 Notes Payable 21 Sales 22 Interest revenue Bank account 409 23 Kam Moore 25 Paul Roth 28 Sales 28 Totals Cash sales 4,450 441 4,450 3,150 Accounts Cr. column and the Involce, 2/2 Cash sales Accounts Recetvable Cr. column are posted immedlately. 9 450 3,925 3,925 490 750 4,700 2,950 Involce, 2/7 Note to bank Cash sales 10 500 245 750- 4,700 3,400 250 250- Involce, 2/13 Involce, 2/15 Cash sales 343 7 350 196 4 200 4.225 19,770 30 1,500 (106) 4.225 -17.300 (413) 3,050 12,550 (502/119) Column tatals, except for Oher Accounts Cr. column, are posted at the end of the perlod. 1.000 (101) (415) Accounts Recelvable Ledger General Ledger General Ledger (continued) No. 409 Balance 250 Cutomer Name Albert Co. Cash No. 101 Interest Rovenuo Debit Credit Date PR Debit Feb. 7 S3 17 R2 28 S3 Credit Balance PR Feb. 28 R2 19,770- Balance Date Feb. 22 R2 Date |PR] Debit Credit 500 500 19,770 250 500 Accounts Rocelvable No. 106 No. 413 Balance 250 250 Sales PR Debit Credit Date Feb. 28 S3 28 R2 Balance Date PR Debit Credit Castomar Name Frank Booth 2,150 2,150 Feb. 28 S3 28 R2 2,150 2,150 1,500. Date PR Debit Feb. 25 S3 Credit Balance 650 17,300 19,450 175 175 No. 119 Balance Inventory Sales Discounts No. 415 Cutomer Name Jason Henry Date PR Debit Credit Date PR Debit Credit Balance Feb. 1 bal. 28 S3 28 R2 15,700 Date Feb. 2 S3 12 R2 22 S3 PR Debit Credit Balance 450 450 1,500 14,200 Feb. 28 R2 30 30 450 12,550 1,650 No. 502 Balance Cost of Goods Sold 225 225 PR Debit Credit No. 245 Balance Notos Payable Date Date Feb. 20 R2 Feb. 28 S3 28 R212,550 Customer Name Kam Moore PR Debit Credit 1,500 1,500 PR Debit Credit Balance 750 750 14,050 Date Feb. 13 S3 23 R2 350 350 350- Cuatomer Name Paul Roth Date PR Debit Credit Balance Feb. 15 S3 25 R2 Polnt The $650 total of the five customer accounts equals the balance in Accounts Recelvable 200 200 200 control account