Make a cash receipts journal using the following transactions and also include the total debits and the total credit. Of Module Eight Lesson Two ActivityA+UABDGNFeb 2- Received cash on account from customer Andy Griffith, $390.50, no discount. Issued receipt #19 covering sales invoice #14.RFeb 3 - Received cash on account from customer Roy Williams, $209.23. In payment for sales invoice #15; invoice amount is $213.50 ($200.00 plus sales tax $13.50) less discount and sales tax. Issued receipt #20.Feb 5-Business recorded cash sales of $2,098.16 plus sales tax of $141.63 for total of $2,239.79. Cash register tape #5.Feb 6 - Received cash on account from customer Ron Howard, $693.40. In payment for sales invoice #16; invoice amount of $707.55 ($662.81 plus sales tax $44.74) less discount and sales tax. Issued receipt #21.Feb 7 - Business recorded cash sales of $1,749.08 plus sales tax of $118.06 for total of $1,867.14. Cash register tape #7.Feb 8 - Received cash on account from customer Tim Duncan during discount period as payment in full on sales invoice #17. Invoice amount is $733.70 ($687.31 sale plus sales tax of $46.39). Issued receipt #22. (HINT: customer did NOT pay full invoice amount).Feb 9-Business recorded cash sales of $2,844.17. Cash register tape #9. (HINT: you need two more numbers to complete the journal entry).印白田IG

Name: Make a cash receipts journal using the following transactions and also
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Make a cash receipts journal using the following transactions and also include the total debits and the total credit. Of Module Eight Lesson Two ActivityA+UABDGNFeb 2- Received cash on account from customer Andy Griffith, $390.50, no discount. Issue

A cash receipts journal is a special type of accounting journal which records all the transactions…

Answered: Make a cash receipts journal using the…

Business

Accounting

Make a cash receipts journal using the following transactions and also include the total debits and the total credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Distinguish between cash book and bank balance.
Describe and use the cash receips journal. What steps are followed in posting from the cash receipts journal to the accounts receivable ledger?
All cash payments are recorded in: Sales Journal Cash Payments Journal Cash Receipts Journal General Journal
An invoice is generated in the cash receipts process.sales order creation process.shipping process.picking process.billing process.
The sales journal is used to record______. cash sales on account debit transactions credit cards
Provide some examples of transactions that would be recorded in the Other Accounts CR column of the cash receipts journal.
Transactions involved in the purchases and cash disbursements cycle include: A Debit inventory, credit cash B Debit inventory, credit accounts payable C Debit accounts payable, credit cash D All of these
Cash payments journal Sale on account General journal Collection on account Purchases journal Equipment purchased on account Revenue journal Adjusting entry Cash receipts journal Payment for supplies bought on account
How to calculate cash receipt journal
What's the entry for the cash receipt journal?
Which of the following account will be least likely involved in the purchasing sub-process of the purchasing and disbursement cycle? a. Inventory b. Prepaid expenses c. Accounts payable d. Cash in bank
Why should cash receipts and sales to credit clients be documented and reported immediately?