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July 4 Sold 4 Spaulding Racquets to Mentone Tennis Club, S60 each plus GST, Inv 530 1 Received $450 from Sports Plus, Rec 389 Accounts Receivable Records Name: Mentone Tennis Club 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 Details Balance Date Document Sales Receipt Balance Jul-01 1000 Invoice No. Sales Journal Jul-04 Credit Sale 268.8 Total 530 Accounts Receivable Invoice No. Receipt No. Ассounts Receivable Date Sales GST Jul-17 Receipt 1000 390 Invoice No. Jul-29 Credit Sale 291.2 532 Cash Receipts Journal Accounts Receivable Date Details Rec No Bank Sales Sundry GST Name: Sports Plus Date Details Document Sales Receipt Balance July 1 Balance 770 Inventory Item: Spaulding Racquets Method: FIFO Inventory SAX112 Supplier: Music Mayhem Code: IN OUT BALANCE Date Details Qty Unit Value Qty Unit Value Qty Unit Value cost cost t cost July 1 Balance 2 28 56 30 240

July 4 Sold 4 Spaulding Racquets to Mentone Tennis Club, S60 each plus GST, Inv 530 1 Received $450 from Sports Plus, Rec 389 Accounts Receivable Records Name: Mentone Tennis Club 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 Details Balance Date Document Sales Receipt Balance Jul-01 1000 Invoice No. Sales Journal Jul-04 Credit Sale 268.8 Total 530 Accounts Receivable Invoice No. Receipt No. Ассounts Receivable Date Sales GST Jul-17 Receipt 1000 390 Invoice No. Jul-29 Credit Sale 291.2 532 Cash Receipts Journal Accounts Receivable Date Details Rec No Bank Sales Sundry GST Name: Sports Plus Date Details Document Sales Receipt Balance July 1 Balance 770 Inventory Item: Spaulding Racquets Method: FIFO Inventory SAX112 Supplier: Music Mayhem Code: IN OUT BALANCE Date Details Qty Unit Value Qty Unit Value Qty Unit Value cost cost t cost July 1 Balance 2 28 56 30 240

FINANCIAL ACCOUNTING
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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July 4 Sold 4 Spaulding Racquets to Mentone Tennis Club, S60 each plus GST, Inv 530 1 Received $450 from Sports Plus, Rec 389 Accounts Receivable Records Name: Mentone Tennis Club 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 Details Balance Date Document Sales Receipt Balance Jul-01 1000 Invoice No. Sales Journal Jul-04 Credit Sale 268.8 Total 530 Accounts Receivable Invoice No. Receipt No. Ассounts Receivable Date Sales GST Jul-17 Receipt 1000 390 Invoice No. Jul-29 Credit Sale 291.2 532 Cash Receipts Journal Accounts Receivable Date Details Rec No Bank Sales Sundry GST Name: Sports Plus Date Details Document Sales Receipt Balance July 1 Balance 770 Inventory Item: Spaulding Racquets Method: FIFO Inventory SAX112 Supplier: Music Mayhem Code: IN OUT BALANCE Date Details Qty Unit Value Qty Unit Value Qty Unit Value cost cost t cost July 1 Balance 2 28 56 30 240
Transcribed Image Text:July 4 Sold 4 Spaulding Racquets to Mentone Tennis Club, S60 each plus GST, Inv 530 1 Received $450 from Sports Plus, Rec 389 Accounts Receivable Records Name: Mentone Tennis Club 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 Details Balance Date Document Sales Receipt Balance Jul-01 1000 Invoice No. Sales Journal Jul-04 Credit Sale 268.8 Total 530 Accounts Receivable Invoice No. Receipt No. Ассounts Receivable Date Sales GST Jul-17 Receipt 1000 390 Invoice No. Jul-29 Credit Sale 291.2 532 Cash Receipts Journal Accounts Receivable Date Details Rec No Bank Sales Sundry GST Name: Sports Plus Date Details Document Sales Receipt Balance July 1 Balance 770 Inventory Item: Spaulding Racquets Method: FIFO Inventory SAX112 Supplier: Music Mayhem Code: IN OUT BALANCE Date Details Qty Unit Value Qty Unit Value Qty Unit Value cost cost t cost July 1 Balance 2 28 56 30 240
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