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Sandhill Company's chart of accounts includes the following selected accounts. 101 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Sandhill Company showed the following balances Morrow $1.560, Rose $1,200, Jennings Co. $2.890, and Dent $2.500 The April transactions involving the receipt of cash were as follows Apr The owner, T. Sandhill, invested additional cash in the business $7.260 4 Received check for payment of account from Dentless 2% cash discount. S Received payment in full for $960 from Jennings Ce for invoice no. 307 B Made cash sales of merchandise totaling $7.220. The cost of the merchandise sold was $4.338 10 Received payment in full for $555 from Morrow for invoice no 309 11 Received cash refund from a supplier for damaged merchandise $710 23 Received payment in full for $1,100 from Jennings Co. for invoice no. 310 29 Received check for payment of account from Rose (no cash discount allowed. Date Account Credited Ref. 301 120 Cash Dr. (101) Sales Discounts Dr. (414) Accounts Receiv Cr. (112) displayed in the problem statement. Round answers to O decimal places, eg 5.275) Cash Receipts Journal Accounts Receivable Dr. Sales Revenue Cr. (112) (401) School and Madis Other Accounts Cr. (X) CR1 Cost of Goods Sold Dr. Inventory Cr. (505X120) Sandhill Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Sandhill Company showed the following balances: Morrow $1.560, Rose $1,200, Jennings Co. $2,890, and Dent $2,500. The April transactions involving the receipt of cash were as follows. The owner, T. Sandhill, invested additional cash in the business $7.260. Apr. 1 4 Received check for payment of account from Dent less 2% cash discount. 5 Received payment in full for $960 from Jennings Co for invoice no. 307. 8 Made cash sales of merchandise totaling $7.230. The cost of the merchandise sold was $4,338. 10 Received payment in full for $555 from Morrow for invoice no. 309. 11 Received cash refund from a supplier for damaged merchandise $710. 23 Received payment in full for $1.100 from Jennings Co. for invoice no. 310. Received check for payment of account from Rose (no cash discount allowed). 29

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