Cozy Kitchens began operations March 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. The terms for all sales on credit are net 30. During March, Cozy Kitchens engaged in the following transactions:

INSTRUCTIONS
1. Open the general ledger accounts indicated below.
2. Record the transactions in a general journal.
3. Post the entries from the general journal to the appropriate general ledger accounts.

GENERAL LEDGER ACCOUNTS

Analyze: 

What were the total cash receipts during March?

Transcribed Image Text:

DATE 20X1 March 1 4 12 15 25 28 31 31 TRANSACTIONS Sold merchandise on credit to Andy DeLuca; issued Sales Slip 101 for $900 plus sales tax of $54. Sold merchandise on credit to Amala Desai; issued Sales Slip 102 for $600 plus sales tax of $36. Sold merchandise on credit to Candy Martinez; issued Sales Slip 103 for $1,000 plus sales tax of $60. Recorded cash sales for the period from March 1 to March 15 of $7,500 plus sales tax of $450. Sold merchandise on credit to Jack O'Donnell; issued Sales Slip 104 for $800 plus sales tax of $48. Received a check from Amala Desai of $336 to apply toward her account. Recorded cash sales for the period from March 16 to March 31 of $4,800 plus sales tax of $288. Received payment in full from Andy DeLuca for the sale of March 1.