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Sunrise Coffee Shop, in an effort to streamline its accounting system, has decided to utilize a cash receipts journal. Record the following transactions for the first two weeks in March, total the columns, and include the posting references. A partial chart of accounts is given below. After recording the transactions, indicate if there are any additional columns you would add to this journal. March 1 Cash received for beverages, $375. Cash received for food, $250. Cash received for customer sales of Sunrise's signature coffee mugs, $130. Cash received for beverages, $480. Cash received for food, $325. Cash received for customer sales of Sunrise's signature coffee mugs, $115. 10 Cash received on account from Central.com, $900. Chart of Accounts (Partial) 10 Cash 41 Beverage Revenue 12 Accounts Receivable 42 Food Revenue 15 Retail Items 43 Retail Revenue MacBook Air DII 80 F10 F11 F12 esc F6 F7 F8 F9 F1 F2 F3 F4 F5 23 & 3 4 5 8 т 10 Cash 41 Beverage Revenue 12 Accounts Receivable 42 Food Revenue 15 Retail Items 43 Retail Revenue Choose "yes"lif a check mark is needed in the Post. Ref. Column or input account #, if applicable. If an amount box does not require an entry, leave it blank. Page: BEV FOOD ACCOUNT POST CASH REVENUE REVENUE OTHER DATE CREDITED REF. DR. CR. CR. CR. 1 Mar. 1 2 Mar. 1 2 3 Mar. 1 4 Mar. 7 5 Mar. 7 5. 6 Mar. 7 7 Mar. 10 8. Total Are there any additional columns you would add to this journal? MacBook Air

Sunrise Coffee Shop, in an effort to streamline its accounting system, has decided to utilize a cash receipts journal. Record the following transactions for the first two weeks in March, total the columns, and include the posting references. A partial chart of accounts is given below. After recording the transactions, indicate if there are any additional columns you would add to this journal. March 1 Cash received for beverages, $375. Cash received for food, $250. Cash received for customer sales of Sunrise's signature coffee mugs, $130. Cash received for beverages, $480. Cash received for food, $325. Cash received for customer sales of Sunrise's signature coffee mugs, $115. 10 Cash received on account from Central.com, $900. Chart of Accounts (Partial) 10 Cash 41 Beverage Revenue 12 Accounts Receivable 42 Food Revenue 15 Retail Items 43 Retail Revenue MacBook Air DII 80 F10 F11 F12 esc F6 F7 F8 F9 F1 F2 F3 F4 F5 23 & 3 4 5 8 т 10 Cash 41 Beverage Revenue 12 Accounts Receivable 42 Food Revenue 15 Retail Items 43 Retail Revenue Choose "yes"lif a check mark is needed in the Post. Ref. Column or input account #, if applicable. If an amount box does not require an entry, leave it blank. Page: BEV FOOD ACCOUNT POST CASH REVENUE REVENUE OTHER DATE CREDITED REF. DR. CR. CR. CR. 1 Mar. 1 2 Mar. 1 2 3 Mar. 1 4 Mar. 7 5 Mar. 7 5. 6 Mar. 7 7 Mar. 10 8. Total Are there any additional columns you would add to this journal? MacBook Air

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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Sunrise Coffee Shop, in an effort to streamline its accounting system, has decided to utilize a cash receipts journal. Record the following transactions for the first two weeks in March, total the columns, and include the posting references. A partial chart of accounts is given below. After recording the transactions, indicate if there are any additional columns you would add to this journal. March 1 Cash received for beverages, $375. Cash received for food, $250. Cash received for customer sales of Sunrise's signature coffee mugs, $130. Cash received for beverages, $480. Cash received for food, $325. Cash received for customer sales of Sunrise's signature coffee mugs, $115. 10 Cash received on account from Central.com, $900. Chart of Accounts (Partial) 10 Cash 41 Beverage Revenue 12 Accounts Receivable 42 Food Revenue 15 Retail Items 43 Retail Revenue MacBook Air DII 80 F10 F11 F12 esc F6 F7 F8 F9 F1 F2 F3 F4 F5 23 & 3 4 5 8 т
Transcribed Image Text:Sunrise Coffee Shop, in an effort to streamline its accounting system, has decided to utilize a cash receipts journal. Record the following transactions for the first two weeks in March, total the columns, and include the posting references. A partial chart of accounts is given below. After recording the transactions, indicate if there are any additional columns you would add to this journal. March 1 Cash received for beverages, $375. Cash received for food, $250. Cash received for customer sales of Sunrise's signature coffee mugs, $130. Cash received for beverages, $480. Cash received for food, $325. Cash received for customer sales of Sunrise's signature coffee mugs, $115. 10 Cash received on account from Central.com, $900. Chart of Accounts (Partial) 10 Cash 41 Beverage Revenue 12 Accounts Receivable 42 Food Revenue 15 Retail Items 43 Retail Revenue MacBook Air DII 80 F10 F11 F12 esc F6 F7 F8 F9 F1 F2 F3 F4 F5 23 & 3 4 5 8 т
10 Cash 41 Beverage Revenue 12 Accounts Receivable 42 Food Revenue 15 Retail Items 43 Retail Revenue Choose "yes"lif a check mark is needed in the Post. Ref. Column or input account #, if applicable. If an amount box does not require an entry, leave it blank. Page: BEV FOOD ACCOUNT POST CASH REVENUE REVENUE OTHER DATE CREDITED REF. DR. CR. CR. CR. 1 Mar. 1 2 Mar. 1 2 3 Mar. 1 4 Mar. 7 5 Mar. 7 5. 6 Mar. 7 7 Mar. 10 8. Total Are there any additional columns you would add to this journal? MacBook Air
Transcribed Image Text:10 Cash 41 Beverage Revenue 12 Accounts Receivable 42 Food Revenue 15 Retail Items 43 Retail Revenue Choose "yes"lif a check mark is needed in the Post. Ref. Column or input account #, if applicable. If an amount box does not require an entry, leave it blank. Page: BEV FOOD ACCOUNT POST CASH REVENUE REVENUE OTHER DATE CREDITED REF. DR. CR. CR. CR. 1 Mar. 1 2 Mar. 1 2 3 Mar. 1 4 Mar. 7 5 Mar. 7 5. 6 Mar. 7 7 Mar. 10 8. Total Are there any additional columns you would add to this journal? MacBook Air
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