2. Post from the sales journal to the general ledger and accoun accounts. Use ac
ID: 2565474 • Letter: 2
Question
2. Post from the sales journal to the general ledger and accoun accounts. Use account numbers as shown in the chapter. CASH RECEIPTS JOURNAL 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 Made cash sales for the week, $3,160, plus tax. Bank credit card sales for the week, $1,000, plus tax. Bank credit card fee is 3%. continued)Explanation / Answer
ZEBRA IMAGINARIUM Cash Receipts Journal Date Account Cash Dr Cash Card Accounts Sales Cr Other Cost of goods Credited Discount Dr Charges Dr Receivable Cr Account Cr sold Dr Sales Tax Cr Inventory Cr Dec.1 Micheal Anderson 1,360.00 1,360.00 Dec.2 Ansel Manufacturing 382.00 - 382.00 Dec.7 Cash/Card sales 4,409.60 30.00 4,160.00 249.60 30.00 Dec.8 J.Gobrea 880.00 880.00 Dec.14 Cash/Card sales 3,816.00 30.00 3,600.00 216.00 30.00 Dec.20 Tom Wilson 1,110.00 1,110.00 Dec.21 Cash Sales 3,392.00 3,200.00 192.00 Dec.24 Rachel Carson 2,000.00 2,000.00 Total 17,349.60 60.00 5,732.00 10,960.00 657.60 252.00 General Journal Date Account Title Debit Credit Dec.11 Sales 60 Sales tax payable 3.6 Acounts Receivable 63.6 (To record return of merchandise from Michael Anderson) Dec.21 Sales 22 Sales tax payable 1.32 Accounts Receivable 23.32 (To record return of merchandise from Ansel Manufacturing) Cash Accounts Receivable Sales Debit Credit Balance Debit Credit Balance Debit Credit Balance Beg.Bal. 9862 9862 Beg.Bal. 9352 9352 Dec.7 4160 4160 Dec.1 1360 11222 Dec.1 1360 7992 Dec.11 60 4100 Dec.2 382 11604 Dec.2 382 7610 Dec.14 3600 7700 Dec.7 4409.6 16013.6 Dec.8 880 6730 Dec.21 3200 10900 Dec.8 880 16893.6 Dec.11 63.6 6666.4 Dec.21 22 10878 Dec.14 3816 20709.6 Dec.20 1110 5556.4 Dec.20 1110 21819.6 Dec.21 23.32 5533.08 Dec.21 3392 25211.6 Dec.24 2000 3533.08 Dec.24 2000 27211.6 Card expenses Card expenses payable Debit Credit Balance Debit Credit Balance Sales Tax payable Dec.7 30 30 Dec.7 30 30 Debit Credit Balance Dec.14 30 60 Dec.14 30 60 Dec.7 249.6 249.6 60 60 Dec.11 3.6 0 246 Dec.14 216 462 Dec.21 192 654 Ansel Manufacturing J.Gobrea Dec.21 1.32 652.68 Debit Credit Balance Debit Credit Balance Beg.Bal. 982 982 Beg.Bal. 880 880 Michael Anderson Dec.2 382 600 Dec.8 880 0 Debit Credit Balance Dec.21 23.32 576.68 0 Beg.Bal. 2480 2480 576.68 Dec.1 1360 1120 576.68 Dec.11 63.6 1056.4 Rachel Carson Debit Credit Balance Tom Wilson Beg.Bal. 3200 3200 Debit Credit Balance Dec.24 2000 1200 Beg.Bal. 1810 1810 1200 Dec.20 1110 700 1200 700
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