Required Record the a8 journal, or the general jourmal, using ExhiBIIL ing Goods uses a perpetual inventory system. Exercise 7-10 Using the information in the following unidentified journals, state how the numbers identi. Posting from the cash receipts journal and the sales journal 3. fied as a) through h) would be posted using the selections below: 1. Posted to a general ledger account as a debit 2. Posted to a general ledger account as a credit 3. Posted to a subsidiary ledger account as a 4. Posted to a subsidiary ledger account as a credit 5. Posted to the general ledger 6. Not posted debit as a debit and a credit Cost of Goods Acc. Rec. Dr Sales Rev. Cr Sold Dr Date Account Debited Inventory Cr Feb. 9 Jones Company 3,540 2,300 10 Sails and Boats 10,900 b) 5,550 26 Davis Enterprises c) 7,000 g) 3,250 28 Totals a) 21,440 11,100 Part 1 The Basic Structure of Accounting Debits Credits Sales Dis. Acc. Rec. Sales COGS Dr Inv. Cr Date Cash Rev. Other Acct. Amount 3,000 3,000 Sep.8 10 1,750 2,500 Ross, Capital 2,500 13 50 Int. Revenue 50 15 582 18 600 Jane Gibson 30 e) 6,132 d) 18 600 3,000 Totals f) 2,550 h) 1,750 a) 21,440 b) 5,550 c) 7,000 d) 18 e) 6,132 f) 2,550 g) 3,250 h) 1,750 Exercise 7-11 A customer acc in the accounts receivable subsidiary ledger of Kettle Office Supplies