PLEASE FOLLOW THE GUIDELINE Assignment: Special Journals: The Sales Journal (18

Question

PLEASE FOLLOW THE GUIDELINE

Assignment: Special Journals: The Sales Journal (18 Points) Part 1 provided below. On December 15, Ms. Corne & Co. recorded bankcard sales of $1,200 for the first two weeks of December and related sales taxes of $150. The source document for this transaction is tape 55 Record the transaction in a cash receipt journal format in a spreadsheet. Guidelines 1. Enter the date of the cash register tape in the Date column. 2. Enter the number of the tape in the Document Number column. Write the letter T before the tape number. 3. Enter the words Bankcard Sales in the Account Name column 4. Enter a dash in the Posting Reference column. The amounts recorded in the bankcard sales entry will be posted to the general ledger as part of the column totals at the end of the month. sold in the Sales Credit column. 6. Enter the sales taxes collected in the Sales Tax Payable Credit column 7. Enter the total cash received in the Cash in Bank Debit column

Explanation / Answer

Part 1:-

Part 2:-

Part (i)

Part (ii)

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Cash Receipt journal Date Doc. No. Account Name Post Ref. Sales credit Sales tax payable credit Account receivable credit Sales discount credit Cash in bank debit December 13 55 Bankcard sales - $ 1,200 $ 150 $ 1,350

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