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Cash Receipts Transactions Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%. Dec. 1 Received payment on account from Michael Anderson, $1,360. 2 Received payment on account from Ansel Manufacturing, $382. 7 Cash sales for the week were $3,160 plus tax. Bank credit card sales for the week were $1,000 plus tax. Bank credit card fee is 3%. 8 Received payment on account from J. Gorbea, $880. 11 Michael Anderson returned merchandise for a credit, $60 plus tax. 14 Cash sales for the week were $2,800 plus tax. Bank credit card sales for the week were $800 plus tax. Bank credit card fee is 3%. 20 Received payment on account from Tom Wilson, $1,110. 21 Ansel Manufacturing returned merchandise for a credit, $22 plus tax. 21 Cash sales for the week were $3,200 plus tax. 24 Received payment on account from Rachel Carson, $2,000. Required: 1. Record the transactions starting on page 20 of a general journal. Enter the posting references when you complete part 2. PAGE 20 GENERAL JOURNAL DESCRIPTION DATE POST. REF. DEBIT CREDIT 20-- Dec. 1 Cash 101 1,360.00 Accounts Receivable/M. Anderson 122 / 1,360.00 Dec. 2 Received cash on account Cash Accounts Receivable/Ansel Manufacturing 101 382.00 122 / 382.00 Received cash on account Cash Dec. 7 101 3,349.60 Sales 401 3,160.00 Sales Tax Payable 231 189.60 Made cash sales Dec. 7 Cash 101 1,028.20 31.80 Bank Credit Card Expense 513 Sales 401 1,000.00 Sales Tax Payable 231 60.00 Made credit card sales Cash Dec. 8 101 880.00 122 /v 880.00 Dec. 11 401.1 60.00 Accounts Receivable/J. Gorbea Received cash on account Sales Returns and Allowances Sales Tax Payable Accounts Receivable/M. Anderson Returned merchandise Cash 231 3.60 122 / 63.60 Dec. 14 101 2,968.00 Sales 401 2,800.00 168.00 231 Sales Tax Payable Made cash sales GENERAL JOURNAL PAGE 21 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Dec. 14 Cash 101 822.56 Bank Credit Card Expense 513 25.44 Sales 401 800.00 Sales Tax Payable 231 48.00 Made credit card sales Dec. 20 Cash 101 1,110.00 Accounts Receivable/T. Wilson 122 /v 1,110.00 Received cash on account Dec. 21 Sales Returns and Allowances 401.1 22.00 Sales Tax Payable 231 1.32 Accounts Receivable/Ansel Manufacturing 122 / 23.32 Returned merchandise Cash Dec. 21 101 3,392.00 Sales 401 3,200.00 Sales Tax Payable 231 192.00 Made cash sales Cash Dec. 24 101 2,000.00 Accounts Receivable/R. Carson 122 / 2,000.00 Received cash on account 2. Post from the journal to the general ledger and accounts receivable ledger accounts. GENERAL LEDGER ACCOUNT Cash ACCOUNT NO. 101 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Dec. 1 Balance 9,862.00 11,222.00 Dec. 1 J20 1,360.00 Dec. 2 120 382.00 11,604.00 Dec. 7 J20 3,349.60 14,953.60 Dec. 7 J20 1,028.20 15,981.80 Dec. 8 J20 880.00 16,861.80 Dec. 14 J20 2,968.00 19,829.80 Dec. 14 J20 822.56 20,652.36 Dec. 20 220 1,110.00 21,762.36 Dec. 21 J20 3,392.00 25,154.36 Dec. 24 120 2,000.00 27,154.36 ACCOUNT Accounts Receivable ACCOUNT NO. 122 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Dec. 1 Balance 9,352.00 Dec. 1 J20 1,360.00 7,992.00 Dec. 2 J20 382.00 7,610.00 Dec. 8 120 880.00 6,730.00 Dec. 11 J20 63.60 6,666.40 Dec. 20 J20 1,110.00 5,556.40 Dec. 21 J20 23.32 5,533.08 Dec. 24 J20 2,000.00 3,533.08 ACCOUNT Accounts Receivable ACCOUNT NO. 122 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Dec. 1 Balance 9,352.00 Dec. 1 J20 1,360.00 7,992.00 Dec. 2 J20 382.00 7,610.00 Dec. 8 120 880.00 6,730.00 Dec. 11 J20 63.60 6,666.40 Dec. 20 J20 1,110.00 5,556.40 Dec. 21 J20 23.32 5,533.08 Dec. 24 J20 2,000.00 3,533.08 ACCOUNT Sales Tax Payable ACCOUNT NO. 231 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- J20 220 120 J20 J20 J20 J20 ACCOUNT Sales ACCOUNT NO. 401 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Dec. 7 J20 J20 J20 J20 J20 ACCOUNT Sales Returns and Allowances ACCOUNT NO. 401.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- J20 J20 ACCOUNT Bank Credit Card Expense ACCOUNT NO. 513 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Dec. 7 J20 30 Dec. 14 J20 60 NAME ACCOUNTS RECEIVABLE LEDGER Michael Anderson 233 West 11th Avenue, Detroit, MI 59500-1154 POST. REF. DEBIT CREDIT ADDRESS DATE ITEM BALANCE 20-- Dec. 1 Balance 2,480.00 Dec. 1 J20 1,360.00 1,120.00 Dec. 11 J20 63.60 1,056.40 NAME ADDRESS Ansel Manufacturing 284 West 88 Street, Detroit, MI 59522-1168 DEBIT CREDIT DATE ITEM POST. REF. BALANCE 20-- Dec. 1 Balance 982.00 Dec. 2 120 382.00 600.00 Dec. 21 J20 23.32 576.68 NAME J. Gorbea ADDRESS P.O. Box 864, Detroit, MI 59552-0864 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Dec. 1 Balance 880.00 Dec. 8 120 880.00 0.00 NAME Tom Wilson ADDRESS 100 NW Seward St., Detroit, MI 59210-1337 DEBIT CREDIT DATE ITEM POST. REF. BALANCE 20-- Dec. 1 Balance 1,810.00 Dec. 20 120 1,110 700
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