Question

The cash receipts journal for Able Company is shown below.

CASH RECEIPTS JOURNAL
Date				Description	Accounts Receivable Credit		Sales Tax Payable Credit		Sales Credit		Other Accounts Credit	Other Accounts Amount		Cash Debit
Apr.	3,	2019		M. Daub	1,150									1,150
	9,	2019		Cash refund							Supplies	110		110
	15,	2019		Cash sales			1,185		7,100		Cash Short or Over	21		8,306
	18,	2019		B. Cobb	1,600									1,600
	20,	2019		Collect note							Notes Rec.	1,500
				P. Stout							Int. Income	122		1,622
	30,	2019		Totals	2,750		1,185		7,100			1,753		12,788

Show how the amounts would be posted to the general ledger accounts.

Answer 1

Amounts would be posted to the general ledger accounts is as shown below:

Supplies
Date	Debit	Credit	Balance
Apr-09	0	110	-110
Apr-30	0		-110
Sales
Date	Debit	Credit	Balance
Apr-15	0	7,100	7,100
Apr-30	0		7,100
Sales tax payable
Date	Debit	Credit	Balance
Apr-15	0	1,185	1,185
Apr-30	0		1,185
Note Receivable
Date	Debit	Credit	Balance
Apr-20	0	1,500	-1,500
Apr-30	0		-1,500
Interest Income
Date	Debit	Credit	Balance
Apr-20	0	122	122
Apr-30	0		122