Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%. Dec. 1 Received payment on account from Michael Anderson, $1,360. 2 Received payment on account from Ansel Manufacturing, $382. 7 Cash sales for the week were $3,160 plus tax. Bank credit card sales for the week were $1,000 plus tax. Bank credit card fee is 3%. 8 Received payment on account from J. Gorbea, $880. 11 Michael Anderson returned merchandise for a credit, $60 plus tax. 14 Cash sales for the week were $2,800 plus tax. Bank credit card sales for the week were $800 plus tax. Bank credit card fee is 3%. 20 Received payment on account from Tom Wilson, $1,110. 21 Ansel Manufacturing returned merchandise for a credit, $22 plus tax. 21 Cash sales for the week were $3,200 plus tax. 24 Received payment on account from Rachel Carson, $2,000 The beginning general ledger account balances have been entered in the accounts. Post from the journal to the general ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. Enter the transactions in chronological order and in the order posted in part 1. Cash $9,862 Accounts Receivable 9,352
Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%. Dec. 1 Received payment on account from Michael Anderson, $1,360. 2 Received payment on account from Ansel Manufacturing, $382. 7 Cash sales for the week were $3,160 plus tax. Bank credit card sales for the week were $1,000 plus tax. Bank credit card fee is 3%. 8 Received payment on account from J. Gorbea, $880. 11 Michael Anderson returned merchandise for a credit, $60 plus tax. 14 Cash sales for the week were $2,800 plus tax. Bank credit card sales for the week were $800 plus tax. Bank credit card fee is 3%. 20 Received payment on account from Tom Wilson, $1,110. 21 Ansel Manufacturing returned merchandise for a credit, $22 plus tax. 21 Cash sales for the week were $3,200 plus tax. 24 Received payment on account from Rachel Carson, $2,000 The beginning general ledger account balances have been entered in the accounts. Post from the journal to the general ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. Enter the transactions in chronological order and in the order posted in part 1. Cash $9,862 Accounts Receivable 9,352
Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
Section: Chapter Questions
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Cash Receipts Transactions
Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%.
Dec. 1 | Received payment on account from Michael Anderson, $1,360. |
2 | Received payment on account from Ansel Manufacturing, $382. |
7 | Cash sales for the week were $3,160 plus tax. Bank credit card sales for the week were $1,000 plus tax. Bank credit card fee is 3%. |
8 | Received payment on account from J. Gorbea, $880. |
11 | Michael Anderson returned merchandise for a credit, $60 plus tax. |
14 | Cash sales for the week were $2,800 plus tax. Bank credit card sales for the week were $800 plus tax. Bank credit card fee is 3%. |
20 | Received payment on account from Tom Wilson, $1,110. |
21 | Ansel Manufacturing returned merchandise for a credit, $22 plus tax. |
21 | Cash sales for the week were $3,200 plus tax. |
24 | Received payment on account from Rachel Carson, $2,000 |
The beginning general ledger account balances have been entered in the accounts. Post from the journal to the general ledger accounts. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. Enter the transactions in chronological order and in the order posted in part 1.
Cash | $9,862 |
9,352 |
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