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    idavila32's Avatar
    idavila32 Posts: 2, Reputation: 1
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    #1

    Jun 13, 2007, 12:36 PM
    Sales Journal &Cash Recepits Journal
    Record the following transactions in the Sales Journal and Cash Recepits Journals. The cost of all merchandise sold was 70% of the sales price.
    July 2 Sold Merchandise for 21,000 to B.Tate on account. Credit ter,s 2/10, n/30. Sales invoice No. 100

    July 5 Received a check for $800 from R.Hyatt in payment of his account

    July 8 Sold merchandise to F. Wenger for 900 cash

    July 10 Received a check in payment of Sales invoice No. 100 from B. Tate minus 2% discount.

    July 15 Sold Merchandise for 9,000 to J. Mays on account. Credit terms 2/10, n/30 Sales invoice No. 101
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jun 13, 2007, 02:21 PM
    How do YOU think you would do the journal entries?
    andrew-100983's Avatar
    andrew-100983 Posts: 1, Reputation: 1
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    #3

    Jun 3, 2009, 11:21 PM
    Please help with this question, I'm completely stumped. I have read the text and I just don't understand.
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