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

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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…

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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

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

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

Of Module Eight Lesson Two Activity
A
+
U
A
B
D
G
N
Feb 2- Received cash on account from customer Andy Griffith, $390.50, no discount. Issued receipt #19 covering sales invoice #14.
R
Feb 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

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