Question

Sales Journal, Cash Receipts Journal, and General Journal

Owens Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20--. There is an 8% sales tax. Beginning general ledger account balances were Cash, $9,741; and Accounts Receivable, $1,058.25. Beginning customer account balances were Thompson Group, $1,058.25.

Mar. 1		Sold merchandise to Able & Co., $1,800, plus sales tax. Sale No. 33C.
3		Sold merchandise to R. J. Kalas, Inc., $2,240, plus sales tax. Sale No. 33D.
5		Able & Co. returned merchandise from Sale No. 33C for a credit (Credit Memo No. 66), $30, plus sales tax.
7		Made cash sales for the week, $3,160, plus sales tax.
10		Received payment from Able & Co. for Sale No. 33C less Credit Memo No. 66.
11		Sold merchandise to Blevins Bakery, $1,210, plus sales tax. Sale No. 33E.
13		Received payment from R. J. Kalas, Inc. for Sale No. 33D.
14		Made cash sales for the week, $4,200, plus sales tax.
16		Blevins Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $44, plus sales tax.
18		Sold merchandise to R. J. Kalas, Inc., $2,620, plus sales tax. Sale No. 33F.
20		Received payment from Blevins Bakery for Sale No. 33E less Credit Memo No. 67.
21		Made cash sales for the week, $2,400, plus sales tax.
25		Sold merchandise to Blevins Bakery, $1,915, plus sales tax. Sale No. 33G.
27		Sold merchandise to Thompson Group, $2,016, plus sales tax. Sale No. 33H.
28		Made cash sales for the week, $3,500, plus sales tax.

1. ACCOUNTS RECEIVABLE LEDGER
   NAME	Able & Co.
   ADDRESS	1424 Jackson Creek Road, Nashville, IN 47448-2245
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   20--

   NAME	Blevins Bakery
   ADDRESS	6422 E. Bender Road, Bloomington, IN 47401-7756
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   20--

   NAME	R. J. Kalas, Inc.
   ADDRESS	3315 Longview Avenue, Bloomington, IN 47401-7223
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   20--

   NAME	Thompson Group
   ADDRESS	2300 E. National Road, Cumberland, IN 46229-4824
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   20--
   Mar. 1	Balance	√			1,058.25

Answer 1

Sales Journal				Debit	credit
Date	Sale no		Post Ref	Accounts Receivable	Sales Credit	Sales tax Payable
Mar-01	33C	Able and co		1944	1800	144
Mar-03	33D	RJ kalas		2419.2	2240	179.2
Mar-11	33E	Blevins Bakery		1306.8	1210	96.8
Mar-18	33F	RJ kalas		2829.6	2620	209.6
Mar-25	33G	Blevins Bakery		2068.2	1915	153.2
Mar-27	33H	Thompson Group		2177.28	2016	161.28
				12745.08	11801	944.08

Cash receipt Journal
Date	Account credited	post ref	general credit	Account receivable	sales credit	Sales Payable	Cash debit
Mar-07	sales				3160	252.8	3412.8
Mar-10	Able & co			1911.6
Mar-13	R J Kalas			2240
Mar-14	Sales				4200	336	4536
Mar-20	Blevins Bakery			1259.28
Mar-21	Sales				2400	192	2592
Mar-28	Sales				3500	280	3780

General Journal
Date	Description	post ref	Debit	Credit
Mar-05	Sales Returns and allowances		30
	Sales tax Payable		2.4
	Accounts Receivable/Able and co			32.4
Mar-16	Sales Returns and allowances		44
	Sales tax Payable		3.52
	Accounts Receivable/Blevins Bakery			47.52

Accounts Receivable Ledger
Able & co
Date	item	Post ref	Debit	credit	Balance
Mar-01			1944		1944
Mar-05				32.4	1911.6
Mar-10				1911.6
Blevins Bakery
Date	item	Post ref	Debit	credit	Balance
Mar-11			1306.8		1306.8
Mar-16				47.52	1259.28
Mar-20				1259.28
Mar-25			2068.2		2068.2
R J Kalam
Date	item	Post ref	Debit	credit	Balance
Mar-03			2419.2		2419.2
Mar-13				2419.2
Mar-18			2829.6		2829.6
Thompson Group
Date	item	Post ref	Debit	credit	Balance
Mar-01	Balance				1058.25
Mar-27			2177.28		3235.53