PA$4.$ LO $7\mathrm{.}4$ Use the journals and ledgers that follow. Total the journals. Post the transactions $($using $T-$accounts$)$ to the general ledger accounts.

Solution

$\backslash$table$[[$CASH RECEIPTS JOURNAL,Page $102],[$Date$,$Account,$\backslash$table$[[$Invoice$],[$No$.]],$Ref.,Cash DR$,\backslash$table$[[$Sales$],[$Discounts$],[$DR$]],\backslash$table$[[$Accounts$],[$Receivable$,],[$Sales$,$ or$],[$Other$],[$Accounts CR$]]],[\backslash$table$[[2019],[$Feb$.1],[$Feb$.5],[$Feb$.15],[$Feb$.21]],,,,,,],[$Cash Sales,,,$465,,465],[$Payment from Evert,$1723,,980,20,1,000],[$Bank Loan $(230),,,2,000,,2,000],[$Payment from Shriver Co$.,1719,,{500}_{?},,{500}_{?}$