transactions:\nsep. 3 received cash on account from lenny stanford covering s216, $2,189.36, less 2%…

transactions:\nsep. 3 received cash on account from lenny stanford covering s216, $2,189.36, less 2% discount. r264.\n6 recorded cash and credit card sales, $5,326.30; plus sales tax, $298.15; total, $5,624.45. ts38.\n8 received cash on account from venice café covering s218 for $390.34, less 2% discount. r265.\n20 recorded cash and credit card sales, $5,624.45, plus sales tax, $320.59; total, $5,945.04. ts39.\n28 received cash on account from washington city schools covering s199 for $1,509.45. r266.\nusing the current year, journalize the following transactions on page 9 of the cash receipts journal for classic appliances. source documents are abbreviated as follows: receipt, r; terminal summary, ts.\npage 9\ncash receipts journal\ndate account title doc. no. post. ref. general debit credit accounts receivable credit sales credit sales tax payable credit discount debit cash debit

transactions:\nsep. 3 received cash on account from lenny stanford covering s216, $2,189.36, less 2% discount. r264.\n6 recorded cash and credit card sales, $5,326.30; plus sales tax, $298.15; total, $5,624.45. ts38.\n8 received cash on account from venice café covering s218 for $390.34, less 2% discount. r265.\n20 recorded cash and credit card sales, $5,624.45, plus sales tax, $320.59; total, $5,945.04. ts39.\n28 received cash on account from washington city schools covering s199 for $1,509.45. r266.\nusing the current year, journalize the following transactions on page 9 of the cash receipts journal for classic appliances. source documents are abbreviated as follows: receipt, r; terminal summary, ts.\npage 9\ncash receipts journal\ndate account title doc. no. post. ref. general debit credit accounts receivable credit sales credit sales tax payable credit discount debit cash debit

Answer

Explanation:

Step1: Analyze Sep 3 transaction

Debit Cash for amount received ($2,189.36 - (2% of $2,189.36) = $2,189.36 - $43.79 = $2,145.57), debit Sales Discount for $43.79, and credit Accounts Receivable - Lenny Stanford for $2,189.36.

DATE ACCOUNT TITLE DOC. NO. POST. REF. GENERAL DEBIT GENERAL CREDIT ACCOUNTS RECEIVABLE CREDIT SALES CREDIT SALES TAX PAYABLE CREDIT DISCOUNT DEBIT CASH DEBIT
Sep 3 Cash R264 $43.79 $2,145.57
Sep 3 Sales Discount R264 $2,189.36
Sep 3 Accounts Receivable - Lenny Stanford R264

Step2: Analyze Sep 6 transaction

Debit Cash for $5,624.45, credit Sales for $5,326.30 and credit Sales Tax Payable for $298.15.

DATE ACCOUNT TITLE DOC. NO. POST. REF. GENERAL DEBIT GENERAL CREDIT ACCOUNTS RECEIVABLE CREDIT SALES CREDIT SALES TAX PAYABLE CREDIT DISCOUNT DEBIT CASH DEBIT
Sep 6 Cash TS38 $5,326.30 $298.15 $5,624.45
Sep 6 Sales TS38
Sep 6 Sales Tax Payable TS38

Step3: Analyze Sep 8 transaction

Debit Cash for amount received ($390.34 - (2% of $390.34) = $390.34 - $7.81 = $382.53), debit Sales Discount for $7.81, and credit Accounts Receivable - Venice Café for $390.34.

DATE ACCOUNT TITLE DOC. NO. POST. REF. GENERAL DEBIT GENERAL CREDIT ACCOUNTS RECEIVABLE CREDIT SALES CREDIT SALES TAX PAYABLE CREDIT DISCOUNT DEBIT CASH DEBIT
Sep 8 Cash R265 $7.81 $382.53
Sep 8 Sales Discount R265 $390.34
Sep 8 Accounts Receivable - Venice Café R265

Step4: Analyze Sep 20 transaction

Debit Cash for $5,945.04, credit Sales for $5,624.45 and credit Sales Tax Payable for $320.59.

DATE ACCOUNT TITLE DOC. NO. POST. REF. GENERAL DEBIT GENERAL CREDIT ACCOUNTS RECEIVABLE CREDIT SALES CREDIT SALES TAX PAYABLE CREDIT DISCOUNT DEBIT CASH DEBIT
Sep 20 Cash TS39 $5,624.45 $320.59 $5,945.04
Sep 20 Sales TS39
Sep 20 Sales Tax Payable TS39

Step5: Analyze Sep 28 transaction

Debit Cash for $1,509.45 and credit Accounts Receivable - Washington City Schools for $1,509.45.

DATE ACCOUNT TITLE DOC. NO. POST. REF. GENERAL DEBIT GENERAL CREDIT ACCOUNTS RECEIVABLE CREDIT SALES CREDIT SALES TAX PAYABLE CREDIT DISCOUNT DEBIT CASH DEBIT
Sep 28 Cash R266 $1,509.45
Sep 28 Accounts Receivable - Washington City Schools R266 $1,509.45

Answer:

The completed cash - receipts journal as shown above with entries for each transaction.