Question

Enter the Transactions in the appropriate journal. Journals include Sales, Cash Receipts, Cash Payments, Purchases, and General Journal

Trans. 1

Cash register summary
Cash sales merchandise $1,822.41

Sales tax 91.12

Received on account Monique Gonzales 200.00

Total cash 2,113.53

Sales on account Robert Max

Invoice #14892 $326.82

Sales tax 16.34

Total sale 343.16

Enter the cash sales and the received on account into the cash receipts journal; enter each on its own line. Enter the sale on account into the sales journal. Be sure that Dr = Cr for each transaction entered. The total cash was deposited into the bank account at the close of the day. Make the appropriate adjustments to the checkbook. You will need to follow this same procedure for every cash register summary.

Trans. 2

Issued check 281 in the amount of $2,800.53 to First Steamboat Bank for the monthly mortgage payment for the business. $2,000.00 was applied to the principal, and $800.53 was applied to interest. (Be sure to list the principal separate from the interest. Use the Interest Expense account to record the interest.)

Trans. 3

Issued check 282 in the amount of $568.42 to Public Service to pay for November utilities.

Trans. 4

Issued check 283 in the amount of $5,085.00 to Electrifying Bulb Company to pay for November invoice number 1282.

Answer 1

Sale Book
S. NO.	Name of the Custokmer		Invoice No.	L. F.	details	$
1	Robert Max		#14892		326.82$
	Add: Output Tax				16.34 $	343.16 $
2	Cash Sale			Cash Register Ledger Folio No.	1822.41 $
	Add: Output Tax				91.12 $	1913.53 $
	Sale A/c	Cr.				2256.69 $
Cash Receipt Journal
					Receipt Analaysis	Receipt Analaysis	Receipt Analaysis
S. No.	Ref	Description	Ledger Folio	Amount	Account sReceivable	Cash Sales	Other
1	Sale Invocie No.	Cash Sales	Cash Folio No.	1913.53 $	-	1913.53 $	-
2	Sale Invocie No.	Monique Gonzales	Cash Folio No.	200$	200 $	-	-
Total				2113.53 $	200 $	1913.53 $	-
Payments
S. No.	Name	Chq No.	Payment $	Mortgage Expenses	Account Payable	Others
Trans 2	First Steamboat Bank	281 #	2800.53 $	2800.53 $	-	-
Tran 3	Public Servcie	282 #	568.42 $	-	-	568.42 $
1282	Electrifying Bulb Company	283 #	5085.00 $	-	-	5085.00 $
Journal Ledger
S. No.	Accounting Description	Dr.	Cr.
1	Monthly Mortage Expenses A/c Dr.	2000 $
	Interest Expenses A/c Dr.	800.53 $
	To Monthly Mortgage Expenses Payable A/c		2800.53 $
2	Utility Expenses A/c Dr.	568.42 $
	To Public Service A/c		568.42 $
3	Other Expenses A/c Dr.	5085.00 $
	To Electriying Bulb Company A/c		5085.00 $

Here Elecrtrifying Bulb Company details can be ebntered into purchases , showing it has transation of expenses and not of supplies / Inventories hence entered into General Journal.