The following transactions occurred for Donaldson Inc. during the month of July.Jul. 1Sold 50 items to Palm Springs Inc. and offered terms of 2/10, n/30, $6,500 on July 1, and issued invoice #12 on account #312.Jul. 5Sold 20 thing-a-jigs to Miami Inc. for $2,650 cash on July 5, and issued invoice #13.Jul. 8Sold 30 what-is to Smith Mfg. for $8,000 and offered terms of 2/10, n/30; issued invoice #14 on account #178.Jul. 9Received payment from Palm Springs Inc.Jul. 22Received payment from Smith Mfg. after expiration of the discount period.Record the transactions for Donaldson Inc. in the proper special journal and subsidiary ledger. If an amount box does not require an entry, leave it blank.SALES JOURNALPage: 22Date AccountInvoiceNo.Ref.DR Accts.ReceivableCR SalesDR COGSCR MerchandiseInventory2019 Jul. 1 fill in the blank 2fill in the blank 3fill in the blank 4fill in the blank 5Jul. 8 fill in the blank 7fill in the blank 8fill in the blank 9fill in the blank 10CASH RECEIPTS JOURNALPage: 24Date AccountInvoiceNo.Ref.CashDRSalesDiscountsDRAccountsReceivable,Sales, or otheraccounts CR2019 Jul. 5 fill in the blank 12fill in the blank 13fill in the blank 14fill in the blank 15fill in the blank 16Jul. 9 fill in the blank 18fill in the blank 19fill in the blank 20fill in the blank 21fill in the blank 22Jul. 22 fill in the blank 24fill in the blank 25fill in the blank 26fill in the blank 27fill in the blank 28Accounts Receivable Subsidiary LedgerAccount:Palm Springs Inc.Account #312DATEITEMPOST. REF.TRANSACTIONBALANCEDEBITCREDITDEBIT2019 Beginning Balance Jul. 1Sale fill in the blank 30fill in the blank 31fill in the blank 32Jul. 9Payment fill in the blank 34fill in the blank 35fill in the blank 36Account:Smith Mfg.Account #178DATEITEMPOST. REF.TRANSACTIONBALANCEDEBITCREDITDEBIT2019 Beginning Balance Jul. 8Sale fill in the blank 38fill in the blank 39fill in the blank 40Jul. 22Payment fill in the blank 42fill in the blank 43fill in the blank 44

Name: The following transactions occurred for Donaldson Inc. during the mont
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Description: The following transactions occurred for Donaldson Inc. during the month of July.Jul. 1Sold 50 items to Palm Springs Inc. and offered terms of 2/10, n/30, $6,500 on July 1, and issued invoice #12 on account #312.Jul. 5Sold 20 thing-a-jigs to Miami Inc

The ledger accounts are prepared to record the transactions for each account separately.

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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The following transactions occurred for Donaldson Inc. during the month of July.

Jul. 1	Sold 50 items to Palm Springs Inc. and offered terms of 2/10, n/30, $6,500 on July 1, and issued invoice #12 on account #312.
Jul. 5	Sold 20 thing-a-jigs to Miami Inc. for $2,650 cash on July 5, and issued invoice #13.
Jul. 8	Sold 30 what-is to Smith Mfg. for $8,000 and offered terms of 2/10, n/30; issued invoice #14 on account #178.
Jul. 9	Received payment from Palm Springs Inc.
Jul. 22	Received payment from Smith Mfg. after expiration of the discount period.

Record the transactions for Donaldson Inc. in the proper special journal and subsidiary ledger. If an amount box does not require an entry, leave it blank.

SALES JOURNAL	Page: 22
Date		Account	Invoice No.	Ref.	DR Accts. Receivable CR Sales	DR COGS CR Merchandise Inventory
2019
Jul. 1			fill in the blank 2	fill in the blank 3	fill in the blank 4	fill in the blank 5
Jul. 8			fill in the blank 7	fill in the blank 8	fill in the blank 9	fill in the blank 10

CASH RECEIPTS JOURNAL	Page: 24
Date		Account	Invoice No.	Ref.	Cash DR	Sales Discounts DR	Accounts Receivable, Sales, or other accounts CR
2019
Jul. 5			fill in the blank 12	fill in the blank 13	fill in the blank 14	fill in the blank 15	fill in the blank 16
Jul. 9			fill in the blank 18	fill in the blank 19	fill in the blank 20	fill in the blank 21	fill in the blank 22
Jul. 22			fill in the blank 24	fill in the blank 25	fill in the blank 26	fill in the blank 27	fill in the blank 28

Accounts Receivable Subsidiary Ledger
Account:	Palm Springs Inc.	Account #312
DATE	ITEM	POST. REF.	TRANSACTION	BALANCE
DEBIT	CREDIT	DEBIT
2019
	Beginning Balance
Jul. 1	Sale		fill in the blank 30	fill in the blank 31	fill in the blank 32
Jul. 9	Payment		fill in the blank 34	fill in the blank 35	fill in the blank 36

Account:	Smith Mfg.	Account #178
DATE	ITEM	POST. REF.	TRANSACTION	BALANCE
DEBIT	CREDIT	DEBIT
2019
	Beginning Balance
Jul. 8	Sale		fill in the blank 38	fill in the blank 39	fill in the blank 40
Jul. 22	Payment		fill in the blank 42	fill in the blank 43	fill in the blank 44

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