Apr. 1 on account No. 111 to O. L. Meyers, $2,100 plus sales tax — Paul Jackson owns retail business The following returns and cash receipts are

Paul Jackson owns a retail business. The following sales, returns, and cash receipts are for April 20--. There is a 7% sales tax.

Apr. 1 on account No. 111 to O. L. Meyers, $2,100 plus sales tax.

3 on account No. 112 to Andrew Plaa, $1,000 plus sales tax.

6 O. L. Meyers returned merchandise from Sale No. 111 for a credit (Credit Memo

No. 42), $50 plus sales tax.

7 Cash sales for the week were $3,240 plus sales tax.

9 Received payment from O. L. Meyers for Sale No. 111 less Credit Memo No. 42.

12 on account No. 113 to Melissa Richfield, $980 plus sales tax.

14 Cash sales for the week were $2,180 plus sales tax.

17 Melissa Richfield returned merchandise from Sale No. 113 for a credit (Credit Memo No. 43), $40 plus sales tax.

19 on account No. 114 to Kelsay Munkres, $1,020 plus sales tax.

21 Cash sales for the week were $2,600 plus sales tax.

24 on account No. 115 to O. L. Meyers, $920 plus sales tax.

27 on account No. 116 to Andrew Plaa, $1,320 plus sales tax.

28 Cash sales for the week were $2,800 plus sales tax.

29 Received payment from Melissa Richfield for $2,186.

Beginning general ledger account balances were:

Cash $2,864.54

Accounts Receivable 2,726.25

Beginning customer account balances were:

K. Munkres $ 482.00

M. Richfield 2,244.25

REQUIRED

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1. Record the transactions in a general journal.

2. Post from the journal to the general ledger and accounts receivable ledger accounts. Use account numbers as shown in the chapter.

SOLUTION

GENERAL JOURNAL

date	date	description	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit
20--Apr.	1	Accounts Receivable/O. L. Meyers	122/	2	2	4	7	00
		Sales	401						2	1	0	0	00
		Sales Tax Payable	231							1	4	7	00
		No. 111
	3	Accounts Receivable/A. Plaa	122/	1	0	7	0	00
		Sales	401						1	0	0	0	00
		Sales Tax Payable	231								7	0	00
		No. 112
	6	Sales Returns and Allowances	401.1			5	0	00
		Sales Tax Payable	231				3	50
		Accounts Receivable/O. L. Meyers	122/								5	3	50
		Returned merchandise—Credit Memo #42
	7	Cash	101	3	4	6	6	80
		Sales	401						3	2	4	0	00
		Sales Tax Payable	231							2	2	6	80
		Made cash sales
	9	Cash	101	2	1	9	3	50
		Accounts Receivable/O. L. Meyers	122/						2	1	9	3	50
		Received cash on account
	12	Accounts Receivable/M.	122/	1	0	4	8	60
		Sales	401							9	8	0	00
		Sales Tax Payable	231								6	8	60
		No. 113
	14	Cash	101	2	3	3	2	60
		Sales	401						2	1	8	0	00
		Sales Tax Payable	231							1	5	2	60
		Made cash sales
	GENERAL JOURNAL

date	date	description	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit
20--Apr.	17	Sales Returns and Allowances	401.1			4	0	00
		Sales Tax Payable	231				2	80
		Accounts Receivable/M.	122/								4	2	80
		Returned merchandise—Credit Memo #43
	19	Accounts Receivable/K. Munkres	122/	1	0	9	1	40
		Sales	401						1	0	2	0	00
		Sales Tax Payable	231								7	1	40
		Sales No. 114
	21	Cash	101	2	7	8	2	00
		Sales	401						2	6	0	0	00
		Sales Tax Payable	231							1	8	2	00
		Made cash sales
	24	Accounts Receivable/O. L. Meyers	122/		9	8	4	40
		Sales	401							9	2	0	00
		Sales Tax Payable	231								6	4	40
		No. 115
	27	Accounts Receivable/A. Plaa	122/	1	4	1	2	40
		Sales	401						1	3	2	0	00
		Sales Tax Payable	231								9	2	40
		No. 116
	28	Cash	101	2	9	9	6	00
		Sales	401						2	8	0	0	00
		Sales Tax Payable	231							1	9	6	00
		Made cash sales
	29	Cash	101	2	1	8	6	00
		Accounts Receivable/M.	122/						2	1	8	6	00
		Received cash on account

GENERAL LEDGER

account Cash account no. 101

date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE
date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	DEBIT	DEBIT	DEBIT	DEBIT	DEBIT	CREDIT	CREDIT	CREDIT	CREDIT	CREDIT
20--Apr.	1	Balance												2	8	6	4	54
	7		J7	3	4	6	6	80						6	3	3	1	34
	9		J7	2	1	9	3	50						8	5	2	4	84
	14		J7	2	3	3	2	60						10	8	5	7	44
	21		J8	2	7	8	2	00						13	6	3	9	44
	28		J8	2	9	9	6	00						16	6	3	5	44
	29		J8	2	1	8	6	00						18	8	2	1	44
account Accounts Receivable	account no. 122

date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE
date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	DEBIT	DEBIT	DEBIT	DEBIT	DEBIT	CREDIT	CREDIT	CREDIT	CREDIT	CREDIT
20--Apr.	1	Balance												2	7	2	6	25
	1		J7	2	2	4	7	00						4	9	7	3	25
	3		J7	1	0	7	0	00						6	0	4	3	25
	6		J7								5	3	50	5	9	8	9	75
	9		J7						2	1	9	3	50	3	7	9	6	25
	12		J7	1	0	4	8	60						4	8	4	4	85
	17		J8								4	2	80	4	8	0	2	05
	19		J8	1	0	9	1	40						5	8	9	3	45
	24		J8		9	8	4	40						6	8	7	7	85
	27		J8	1	4	1	2	40						8	2	9	0	25
	29		J8						2	1	8	6	00	6	1	0	4	25
account Sales Tax Payable	account no. 231

date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE
date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	DEBIT	DEBIT	DEBIT	DEBIT	DEBIT	CREDIT	CREDIT	CREDIT	CREDIT	CREDIT
20--Apr.	1		J7							1	4	7	00							1	4	7	00
	3		J7								7	0	00							2	1	7	00
	6		J7				3	50												2	1	3	50
	7		J7							2	2	6	80							4	4	0	30
	12		J7								6	8	60							5	0	8	90
	14		J7							1	5	2	60							6	6	1	50
	17		J8				2	80												6	5	8	70
	19		J8								7	1	40							7	3	0	10
	21		J8							1	8	2	00							9	1	2	10
	24		J8								6	4	40							9	7	6	50
	27		J8								9	2	40						1	0	6	8	90
	28		J8							1	9	6	00						1	2	6	4	90
account Sales	account no. 401

date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE
date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	DEBIT	DEBIT	DEBIT	DEBIT	DEBIT	CREDIT	CREDIT	CREDIT	CREDIT	CREDIT
20--Apr.	1		J7						2	1	0	0	00						2	1	0	0	00
	3		J7						1	0	0	0	00						3	1	0	0	00
	7		J7						3	2	4	0	00						6	3	4	0	00
	12		J7							9	8	0	00						7	3	2	0	00
	14		J7						2	1	8	0	00						9	5	0	0	00
	19		J8						1	0	2	0	00						10	5	2	0	00
	21		J8						2	6	0	0	00						13	1	2	0	00
	24		J8							9	2	0	00						14	0	4	0	00
	27		J8						1	3	2	0	00						15	3	6	0	00
	28		J8						2	8	0	0	00						18	1	6	0	00
account Sales Returns and Allowances	account no. 401.1

date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE	BALANCE
date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	DEBIT	DEBIT	DEBIT	DEBIT	DEBIT	CREDIT	CREDIT	CREDIT	CREDIT	CREDIT
20--Apr.	6		J7			5	0	00								5	0	00
	17		J8			4	0	00								9	0	00

(Concluded)

ACCOUNTS RECEIVABLE LEDGER

name O. L. Meyers

address 119 Turnpike,

date	date	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	balance	balance	balance	balance	balance
20--Apr.	1	J7	2	2	4	7	00						2	2	4	7	00
	6	J7								5	3	50	2	1	9	3	50
	9	J7						2	1	9	3	50
	24	J8		9	8	4	40							9	8	4	40
	name Kelsay Munkres
	address -9276

date	date	item	POST. ref.	debit	debit	debit	debit	debit	balance	balance	balance	balance	balance
20--Apr.	1	Balance								4	8	2	00
	19		J8	1	0	9	1	40	1	5	7	3	40
	name Andrew Plaa
	address , Old

date	date	POST. ref.	debit	debit	debit	debit	debit	balance	balance	balance	balance	balance
20--Apr.	3	J7	1	0	7	0	00	1	0	7	0	00
	27	J8	1	4	1	2	40	2	4	8	2	40
	name Melissa Richfield
	address

date	date	item	POST. ref.	debit	debit	debit	debit	debit	credit	credit	credit	credit	credit	balance	balance	balance	balance	balance
20--Apr.	1	Balance												2	2	4	4	25
	12		J7	1	0	4	8	60						3	2	9	2	85
	17		J8								4	2	80	3	2	5	0	05
	29		J8						2	1	8	6	00	1	0	6	4	05