Requirements 1 and 2. Enter the transactions in a sales journal (page 7), a cash

Question

Requirements 1 and 2. Enter the transactions in a sales journal (page 7), a cash receipts journal (page 5, omit Sales Discounts Forfeited column), a purchases journal (page 10), a cash payments journal (page 8), and a general journal (page 6), as appropriate. Total each column of the special journals. Show that total debits equal total credits in each special journal. Begin with page 7 of the sales journal. Enter the transactions and total the journal. (If a box is not used in the journal leave the box empty, do not select any information and do not enter a zero.) Sales Journal Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR Account Debited Date No Ref.Sales Revenue CR Merchandise Inventory CR 2018 May May 31 Totals

Explanation / Answer

Sales Journal Page 7 Date Invoice No. Customer Account Debited Post. Ref. Accounts Receivable DR Sales Revenue CR Cost of Goods Sold DR Merchandise Inventory CR 2018 May-02 913 J.M. Kaeding 2700 1300 9 914 Becket Co. 5300 2600 15 915 R.O. Martin 500 300 18 916 J.M. Kaeding 350 200 29 917 Becket Co. 2700 700 May-31 Totals 11550 5100

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