Caesar Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare a sales journal like the one in Exhibit 7.5. Journalize the following transactions that should be recorded in the sales journal.

June 5. Purchased $1,000 of merchandise on credit from Roman Corp. 

9. Sold merchandise costing $200 to R. Allen for $325, terms n/10, Invoice No. 2080. 

12. Sold merchandise costing $300 to J. Meyer for $450 cash, Invoice No. 2081. 

19. Received $325 cash from R. Allen to pay for the June 9 purchase. 

27. Sold merchandise costing $400 to B. Kraft for $550, terms n/10, Invoice No. 2082.

Data From Exhibit 7.5

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Sales Journal Page 3 EXHIBIT 7.5 Cost of Goods Sold Dr. Inventory Cr. Account Invoice Accounts Receivable Dr. Sales Journal with Posting Date Debited Number PR Sales Cr. Feb. 2 Jason Henry 307 450 315 7 Albert Co. 308 -500 355 13 Kam Moore 309 -350 260 15 Paul Roth 310 -200 150 22 Jason Henry 311 -225 155 25 Frank Booth 312 175 95 28 Albert Co. 313 250 170 Totals are posted at the end of the period to general ledger accounts. 28 Totals 2,150 1,500 (106/413) (502/119) Individual amounts in the Accounts Receivable Dr. and Sales Cr. column Accounts Receivable Ledger General Ledger are posted immediately to the subsidiary ledger. Customer Name Albert Co. Accounts Recelvable No. 106 Date PR Debit Credit Feb. 7 S3 28 S3 Balance Date PR Debit Credit Balance 500 500 Feb. 28 S3 2,150 2,150 250 750 Customer Name Frank Booth No. 119 Date PR Debit Feb. 25 S3 Credit Balance Inventory Date PR Debit Credit Balance 175 175 Feb. 1 bal. 15,700 Customer accounts are in a Customer Name Jason Henry 28 S3 1,500 14,200 subsidiary ledger, and the financial Date PR Debit Credit Balance statement accounts are in the general ledger. Feb. 2 S3 450 450 22 S3 225 675 Sales No. 413 Date PR Debit Credit Balance Customer Name Kam Moore Feb. 28 S3 2,150 2,150 Date PR Debit Credit Balance Feb. 13 S3 350 350 No. 502 Balance Customer Name Paul Roth Cost of Goods Sold Point: The $2,150 tota customer accounts eq balance in the Accoun PR Debit Date PR Debit Credit Date Feb. 15 S3 Credit Balance 200. 200 Feb. 28 S3 1,500, 1,500 Receivable control acc