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ACCOUNT

Cash

ACCOUNT NO.

100

DATE

DESCRIPTION

POST REF.

DEBIT

CREDIT

BALANCE

DEBIT

CREDIT

Feb.

28

CR102

ACCOUNT

Accounts Receivable

ACCOUNT NO.

101

DATE

DESCRIPTION

POST REF.

DEBIT

CREDIT

BALANCE

DEBIT

CREDIT

Feb.

28

SJ79

28

CR102

ACCOUNT

Notes Payable

ACCOUNT NO.

203

DATE

DESCRIPTION

POST REF.

DEBIT

CREDIT

BALANCE

DEBIT

CREDIT

Feb.

28

CR102

ACCOUNT

Sales

ACCOUNT NO.

401

DATE

DESCRIPTION

POST REF.

DEBIT

CREDIT

BALANCE

DEBIT

CREDIT

Feb.

28

SJ79

28

CR102

ACCOUNT

Sales Discounts

ACCOUNT NO.

402

DATE

DESCRIPTION

POST REF.

DEBIT

CREDIT

BALANCE

DEBIT

CREDIT

Feb.

28

CR102

Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts receivable.

CASH RECEIPTS JOURNAL Page 102 Accounts Sales Receivable, Discounts Sales, or Other DR Accounts CR Date Account Invoice No. Ref. Cash DR 2019 Feb. 1 Cash Sales Feb. 5 Payment from Evert Feb. 15 Bank loan (230) Feb. 21 Payment from Shriver Co. 1723 20 465 980 2,000 500 465 1,000 2,000 500 1719 SALES JOURNAL Page 79 DR Accts. Receivable CR Sales DR COGS CR Merchandise Inventory Date Account Invoice No. Ref. 2019 Feb. 4 Feb. 8 Feb. 14 Feb. 16 Evert Company (E123) King Inc. (K331) Martina Inc. (M132) Shriver Company (S101) 17433 17434 17435 17436 1,000.00 775.30 2,301.99 500.00

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