1. For each transaction, indicate in which journal it should be recorded.

• Sales Journal
• Cash Receipts Journal
• Purchases Journal
• Cash Payments Journal
• General Journal

Returned products to a supplier.	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal
Sold products for cash.	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal
Received a loan from the bank.	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal
Recorded adjustment for depreciation.	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal
Owner invested cash into the business.	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal
Sold products on account	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal
Paid amount owing to a supplier.	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal
Received a utility bill, which will be paid later.	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal
Owner withdrew cash from the business.	Sales Journal/ Cash Receipts Journal/ Cash Payments Journa/ lGeneral Journal / Purchases Journal

2. Hidson Inc. is a small retailer. The following is a list of sales transactions for the month of February.

Feb 3	Made a sale on account (Invoice # 5606) to W. Wager for $790 (cost $593)
Feb 5	Made a sale on account (Invoice # 5607) to K. Washer for $1,220 (cost $955)
Feb 11	Made a sale on account (Invoice # 5608) to J. Depp for $940 (cost $769)
Feb 16	Made a sale on account (Invoice # 5609) to KC Inc. for $700 (cost $522)

Required

Record these transactions in the sales journal.

Do not enter dollar signs or commas in the input boxes.

Sales Journal	Page 5
Date	Account	Invoice #	Accounts Receivable / Sales (DR/CR)	COGS/Merchandise Inventory (DR/CR)
Feb 3	W. Wager	5606	$Answer	$Answer
Feb 5	K. Washer	5607	$Answer	$Answer
Feb 11	J. Depp	5608	$Answer	$Answer
Feb 16	KC Inc.	5609	$Answer	$Answer
		Total	$Answer	$Answer

3. AB Cosmetics has provided you with the following information about the transactions the company had during the month of April.

Apr 2	Received $2,900 from a cash sale to Clean Inc. (cost $2,320).
Apr 8	Received $730 from Facial Fresh for outstanding accounts receivable.
Apr 12	Received $600 for the cash sale of 5 facial scrubs (cost $540) to Seizers Salon.
Apr 16	Received $111 in interest earned from Timberland Bank.
Apr 28	Took out a loan of $4,900 from the bank.

Required

Record these transactions in the cash receipts journal.

Do not enter dollar signs or commas in the input boxes.

Cash Receipts Journal	Page 5
Date	Account	Cash (DR)	Accounts Receivable (CR)	Sales (CR)	Interest Revenue (CR)	Other (CR)	COGS /Merchandise Inventory (DR/CR)
Apr 2	Cash Sale	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Apr 8	Facial Fresh	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Apr 12	Seizers Salon	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Apr 16	Timberland Bank	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Apr 28	Bank Loan	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
	Total	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer

4. Stocked Warehouse sells clothing to retailers. During the month of September 2022, the following transactions occurred. Assume zero opening balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts receivable general ledger from the general journal.

Sep 2	Sold inventory to Fashion House (Invoice #497) for $6,400 cash; the inventory had a cost of $2,743.
Sep 7	Received a loan from Bank of Charlotte for $7,000.
Sep 11	Sold inventory to Harmony Outlet (Invoice #498) on account for $9,500; the inventory had a cost of $3,800.
Sep 18	Sold inventory to Dress Me (Invoice #499) for $7,400 on account; the inventory had a cost of $3,059.
Sep 19	Received full payment from Harmony Outlet for the sale on September 11.
Sep 30	Received $52 of interest earned on a savings account.

Required a) Record the above transactions in the sales journal and the cash receipts journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts receivable control account. Do not enter dollar signs or commas in the input boxes.

Sales Journal	Page 1
Date	Account	Invoice #	Accounts Receivable / Sales (DR/CR)	COGS/Merchandise Inventory (DR/CR)
Sep 11	Harmony Outlet	498	$Answer	$Answer
Sep 18	Dress Me	499	$Answer	$Answer
Sep 30	Total		$Answer	$Answer

Cash Receipts Journal	Page 1
Date	Account	Cash (DR)	Accounts Receivable (CR)	Sales (CR)	Bank Loan (CR)	Other (CR)	COGS/Merchandise Inventory (DR/CR)
Sep 2	Cash Sale	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Sep 7	Bank of Charlotte	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Sep 19	Harmony Outlet	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Sep 30	Interest Revenue	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Sep 30	Total	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer

Account: Accounts Receivable	GL No. 110
Date	Description	DR	CR	Balance
Sep 30	Adjustment for sales	$Answer	$Answer	$Answer	AnswerDRCR
Sep 30	Adjustment for cash receipts	$Answer	$Answer	$Answer	AnswerDRCR

Account: Harmony Outlet
Date	DR	CR	Balance
Sep 11	$Answer	$Answer	$Answer	AnswerDRCR
Sep 19	$Answer	$Answer	$Answer	AnswerDRCR

Account: Dress Me
Date	DR	CR	Balance
Sep 18	$Answer	$Answer	$Answer	AnswerDRCR

5. Ruiz Manufacturing sells flat-pack bookcases to retailers. The following transactions occurred during the month of December 2022. All sales on account come with terms of 4/15, net 60.

Dec 1	Received a loan from the bank for $11,000.
Dec 7	Sold products for cash to Ash Retailer for $8,900; the products had a cost of $4,895.
Dec 9	Sold products on account to Furniture Retailer for $11,000; the products had a cost of $6,600.
Dec 11	Furniture Retailer paid the amount owing from Dec 9.
Dec 17	Sold products on account to Ash Retailer for $6,400; the products had a cost of $3,520.

Required a) Record the above transactions in the sales journal and the cash receipts journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts receivable control account. Do not enter dollar signs or commas in the input boxes.

Sales Journal	Page 1
Date	Account	Invoice #	Accounts Receivable / Sales (DR/CR)	COGS/Merchandise Inventory (DR/CR)
Dec 9	Furniture Retailer		$Answer	$Answer
Dec 17	Ash Retailer		$Answer	$Answer
Dec 31	Total		$Answer	$Answer

Cash Receipts Journal	Page 1
Date	Account	Cash (DR)	Sales Discount (DR)	Accounts Receivable (CR)	Sales (CR)	Other (CR)	COGS/Merchandise Inventory (DR/CR)
Dec 1	Bank Loan	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Dec 7	Cash Sales	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Dec 11	Furniture Retailer	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Dec 31	Total	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer

Account: Accounts Receivable	GL No. 110
Date	Description	DR	CR	Balance
Dec 31	Adjustment for sales	$Answer	$Answer	$Answer	AnswerDRCR
Dec 31	Adjustment for cash receipts	$Answer	$Answer	$Answer	AnswerDRCR

Account: Furniture Retailer
Date	DR	CR	Balance
Dec 9	$Answer	$Answer	$Answer	AnswerDRCR
Dec 11	$Answer	$Answer	$Answer	AnswerDRCR

Account: Ash Retailer
Date	DR	CR	Balance
Dec 17	$Answer	$Answer	$Answer	Answer

6. K. Fen, a sports retailer, made the following purchases during the month of December.

Dec 3	Received a bill (Invoice # 95) from F. Day for the purchase of 2 basketballs worth $114 each and 6 footballs worth $50 each.
Dec 7	Received a bill (Invoice # 105) from G. Smith for the purchase of 7 cricket bats worth $59 each, 5 pairs of ice skates worth $29 each and 4 rugby balls worth $29 each.
Dec 10	Received a bill (Invoice # 115) from N. Modd for the purchase of 7 cricket bats worth $49 each.
Dec 14	Received a bill (Invoice # 192) from N. Less for the purchase of 9 packages of golf balls at $50 each.

Required

Record these transactions in the purchases journal.

Do not enter dollar signs or commas in the input boxes.

Purchases Journal	Page 5
Date	Account	Invoice #	Merchandise Inventory (DR)	Accounts Payable (CR)
Dec 3	F. Day	95	$Answer	$Answer
Dec 7	G. Smith	105	$Answer	$Answer
Dec 10	N. Modd	115	$Answer	$Answer
Dec 14	N. Less	192	$Answer	$Answer
	TOTAL		$Answer	$Answer

7. Vina Duckworth has provided the following information relating to her activities in the month of September 2022.

Sep 1	Paid amount owing $610 (Invoice #1797) to RTT Depot (Cheque #195).
Sep 6	Paid back loan of $780 to the bank (Cheque #196).
Sep 11	Paid $4,000 to Redberry Inc. for purchase of inventory (Cheque #197).
Sep 17	Received a telephone bill for $440 and paid the amount owing to CasTech Inc. (Cheque #198).
Sep 26	Paid $213 to MGAD Inc. for general expenses (Cheque #199).

Required

Record these transactions in the cash payments journal.

Do not enter dollar signs or commas in the input boxes.

Cash Payments Journal	Page 7
Date	Account	Cheque #	Other (DR)	Merchandise Inventory (DR)	Accounts Payable (DR)	Cash (CR)
Sep 1	RTT Depot	195	$Answer	$Answer	$Answer	$Answer
Sep 6	Bank Loan	196	$Answer	$Answer	$Answer	$Answer
Sep 11	Redberry Inc.	197	$Answer	$Answer	$Answer	$Answer
Sep 17	Telephone Expense	198	$Answer	$Answer	$Answer	$Answer
Sep 26	General Expense	199	$Answer	$Answer	$Answer	$Answer
	Total		$Answer	$Answer	$Answer	$Answer

8. Yard Clean Up sells landscaping materials. During the month of May 2022, the following transactions occurred. Assume zero opening balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts payable general ledger from the general journal.

May 3	Purchased office supplies for $970 on account from Staplers.
May 9	Purchased inventory for $1,150 cash from Rock Bottom with Cheque #371.
May 15	Paid telephone bill for $260 cash with Cheque #372.
May 16	Paid the amount owing to Staplers with Cheque #373.
May 21	Purchased inventory for $3,460 from Stoneway on account.

Required a) Record the above transactions in the purchases journal and the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts payable control account. Do not enter dollar signs or commas in the input boxes.

Purchases Journal	Page 6
Date	Account	Invoice	Merchandise Inventory (DR)	Office Supplies (DR)	Other (DR)	Accounts Payable (CR)
May 3	Staplers		$Answer	$Answer	$Answer	$Answer
May 21	Stoneway		$Answer	$Answer	$Answer	$Answer
May 31	Total		$Answer	$Answer	$Answer	$Answer

Cash Payments Journal	Page 4
Date	Account	Cheque #	Accounts Payable (DR)	Other (DR)	Merchandise Inventory (DR)	Cash (CR)
May 9	Rock Bottom	Answer	$Answer	$Answer	$Answer	$Answer
May 15	Telephone Expense	Answer	$Answer	$Answer	$Answer	$Answer
May 16	Staplers	Answer	$Answer	$Answer	$Answer	$Answer
May 31	Total		$Answer	$Answer	$Answer	$Answer

Account: Accounts Payable	GL No. 200
Date	Description	DR	CR	Balance
May 31	Adjustment from purchases	$Answer	$Answer	$Answer	AnswerDRCR
May 31	Adjustment from cash payments	$Answer	$Answer	$Answer	AnswerDRCR

Account: Staplers
Date	DR	CR	Balance
May 3	$Answer	$Answer	$Answer	AnswerDRCR
May 16	$Answer	$Answer	$Answer	AnswerDRCR

Account: Stoneway
Date	DR	CR	Balance
May 21	$Answer	$Answer	$Answer	Answer

9.Put-A-Wrench-In-It sells hand tools. During the month of February 2022, the following transactions occurred. Assume zero opening balances for the subledger and general journal accounts. Assume no entries were made directly to the accounts payable general ledger from the general journal.

Feb 2	Purchased inventory for $6,840 on account from TopCraft.
Feb 8	Paid salary for $2,970 with cheque #245.
Feb 9	Purchased inventory for $4,020 cash from Chester Inc. with cheque #246.
Feb 16	Paid the full amount owing to TopCraft from the Feb 2 transaction with cheque #247.
Feb 25	Purchased inventory for $7,810 on account from Debolt Inc.

Required a) Record the above transactions in the purchases journal and the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts payable control account. Do not enter dollar signs or commas in the input boxes.

Purchases Journal	Page 6
Date	Account	Invoice	Merchandise Inventory (DR)	Supplies Expense (DR)	Other (DR)	Account Payable (CR)
Feb 2	TopCraft		$Answer	$Answer	$Answer	$Answer
Feb 25	Debolt Inc		$Answer	$Answer	$Answer	$Answer
Feb 28	Total		$Answer	$Answer	$Answer	$Answer

Cash Payments Journal	Page 4
Date	Account	Cheque #	Accounts Payable (DR)	Other (DR)	Merchandise Inventory (DR)	Cash (CR)
Feb 8	Salaries Expense	Answer	$Answer	$Answer	$Answer	$Answer
Feb 9	Chester Inc.	Answer	$Answer	$Answer	$Answer	$Answer
Feb 16	TopCraft	Answer	$Answer	$Answer	$Answer	$Answer
Feb 28	Total		$Answer	$Answer	$Answer	$Answer

Account: Accounts Payable	GL No. 200
Date	Description	DR	CR	Balance
Feb 28	Adjustment from purchases	$Answer	$Answer	$Answer	AnswerDRCR
Feb 28	Adjustment from cash payments	$Answer	$Answer	$Answer	AnswerDRCR

Account: TopCraft
Date	DR	CR	Balance
Feb 2	$Answer	$Answer	$Answer	AnswerDRCR
Feb 16	$Answer	$Answer	$Answer	AnswerDRCR

Account: Debolt Inc
Date	DR	CR	Balance
Feb 25	$Answer	$Answer	$Answer	AnswerDRCR