Question of
Pharoah Company's chart of accounts includes the following selected accounts.
table Cash,Sales RevenueAccounts Receivable,Sales DiscountsInventoryCost of Goods SoldOwners Capital,,
On April the accounts receivable ledger of Pharoah Company showed the following balances: Morrow $ Rose $ Jennings Co $ and Dent $ The April transactions involving the receipt of cash were as follows.
Apr. The owner, T Pharoah, invested additional cash in the business $
Received check for payment of account from Dent less cash discount.
Received payment in full for $ from Jennings Co for invoice no
Made cash sales of merchandise totaling $ The cost of the merchandise sold was $
Received payment in full for $ from Morrow for invoice no
Received cash refund from a supplier for damaged merchandise $
Received payment in full for $ from Jennings Co for invoice no
Received check for payment of account from Rose no cash discount allowed
a
Journalize the transactions above in a sixcolumn cash receipts journal and crossfoot the journal. Record entries in the order displayed in the problem statement. Round answers to decimal places, eg
Cash Receipts Journal
Cash Dr
Sales Discounts Dr
Accounts Receivable
Sales Re