Record the following transactions for the month of November 20X1 in the cash receipts journal. Total,...
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Record the following transactions for the month of November 20X1 in the cash receipts journal. Total, prove, and rule the cash receipts journal as of November 30. Nov. 1 Collected $2,800 from Katie Bing, a credit customer on account. 10 Received a check from Mike Drake to pay his $4,200 promissory note plus interest of $290. 13 Received $4,600 from Jessie Cole, a credit customer, in payment of her account. 15 Had cash sales of $29,000 plus sales tax of $2,800. There was a cash overage of $19. Date Nov 1, 20X1 Nov 10 20x1 Nov 13, 20X1 Nov 15, 20x1 Nov 30, 20X1 Totas Description CASH RECEIPTS JOURNAL Accounts Receivable Credit Sales Tax Payable Credit Sales Credit Other Accounts Credit Account Title Amount Cash Debit Record the following transactions for the month of November 20X1 in the cash receipts journal. Total, prove, and rule the cash receipts journal as of November 30. Nov. 1 Collected $2,800 from Katie Bing, a credit customer on account. 10 Received a check from Mike Drake to pay his $4,200 promissory note plus interest of $290. 13 Received $4,600 from Jessie Cole, a credit customer, in payment of her account. 15 Had cash sales of $29,000 plus sales tax of $2,800. There was a cash overage of $19. Date Nov 1, 20X1 Nov 10 20x1 Nov 13, 20X1 Nov 15, 20x1 Nov 30, 20X1 Totas Description CASH RECEIPTS JOURNAL Accounts Receivable Credit Sales Tax Payable Credit Sales Credit Other Accounts Credit Account Title Amount Cash Debit
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To record these transactions in the cash receipts journal we need to enter the appropriate amounts in the columns dictated by the type of transaction ... View the full answer
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
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