What would the sales journal look like? What would the general journal look like? 2 3 6
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2 3 6 6 8 10 11 12 13 14 15 Journalizing sales and cash receipts transactions; proving and ruling journals 1., 4., 5., 6. DATE 2020 Oct 24 Brought Forward 26 Slumber Inns 28 Cash Sales 29 Summit Lodge 31 Cash Sales Total 2. Col. No. ACCOUNT TITLE 1 2 3 4 5 6 Column title General Debit General Credit Accounts Receivable Credit Sales Credit Sales Tax Payable Credit Sales Discount Debit DOC. POST. NO. REF. R293 TS44 R294 TS45 a CASH RECEIPTS JOURNAL 3 ACCOUNTS RECEIVABLE SALES CREDIT CREDIT GENERAL DEBIT Debit Totals 0 27.12 CREDIT Credit Totals 0 13981.49 28701.12 1094.98 12,158.25 23,154.12 1,356.00 467.24 4,315.00 3. 5 SALES TAX PAYABLE CREDIT 926.16 126.60 1,232.00 42.22 13,981.49 28,701.12 1,094.98 PAGE 6 SALES DISCOUNT DEBIT 27.12 27.12 20 CASH DEBIT 36,238.53 1,328.88 4,441.60 467.24 1,274.22 43,750.47 CASH PROOF Cash on hand at the beginning of the month Plus total cash received during the month Equals total Less total cash paid during the month Equals cash balance on hand at end of the month Checkbook balance on the next unused check stub 10 11 12 15 2 3 6 6 8 10 11 12 13 14 15 Journalizing sales and cash receipts transactions; proving and ruling journals 1., 4., 5., 6. DATE 2020 Oct 24 Brought Forward 26 Slumber Inns 28 Cash Sales 29 Summit Lodge 31 Cash Sales Total 2. Col. No. ACCOUNT TITLE 1 2 3 4 5 6 Column title General Debit General Credit Accounts Receivable Credit Sales Credit Sales Tax Payable Credit Sales Discount Debit DOC. POST. NO. REF. R293 TS44 R294 TS45 a CASH RECEIPTS JOURNAL 3 ACCOUNTS RECEIVABLE SALES CREDIT CREDIT GENERAL DEBIT Debit Totals 0 27.12 CREDIT Credit Totals 0 13981.49 28701.12 1094.98 12,158.25 23,154.12 1,356.00 467.24 4,315.00 3. 5 SALES TAX PAYABLE CREDIT 926.16 126.60 1,232.00 42.22 13,981.49 28,701.12 1,094.98 PAGE 6 SALES DISCOUNT DEBIT 27.12 27.12 20 CASH DEBIT 36,238.53 1,328.88 4,441.60 467.24 1,274.22 43,750.47 CASH PROOF Cash on hand at the beginning of the month Plus total cash received during the month Equals total Less total cash paid during the month Equals cash balance on hand at end of the month Checkbook balance on the next unused check stub 10 11 12 15
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answer A sales journal is a specialized accounting journal and it is also a prime entry book used in an accounting system to keep track of the sales o... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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