Question

Problem 6-1SA chl Q Search Sheet Home Insert Page Layout Formulas Data Review View Share Insert Delete ■ Format ▼ Calibri (Body)11 AA- Wrap Text General Paste 三ー恒*ーーMerge & Center, $, 96 , 00 Conditional Format Cell Formating as Table StyiesSart Formatting as Table Styles Problem 6-1SA The Country Kitchen acceptsthree credit cards: (1their own credit card; (2) the Local Merchant card, which charges a 3% fee and must be mailed to the company for payment; and (3) the North East Bank Card, which charges a 5% fee and is accepted by the bank for deposit. All sales are subject to 5% sales tax. Prepare the general journal entries to record the following transactions. Post to the accounts receivable control account (ledger), the accounts receivable subsidiary ledger and prepare the schedule of accounts. Mar. 1 Sold $120 worthaf merchandise to a cash customer Sold $7S worth of merchandise to Roberta Lee accepting the store'scredit card Sold $80 worth of merchandise accepting the North East Bank Sold $50 worth of merchandise accepting the Local Merchant card. Sold $30 worth of merchandise accepting the Local Merchant card. 10 6 Sold $140 worth of merchandiseto acash customer 117 Received full payment from Raberta Lee 12 Sold $100 worth of merchandise accepting the North East Bank card 13 Sold $70 worth of merchandise accepting the Local Merchant card. 14 9 Roberta Lee returned $20 worth of merchandise for a cash refund 15 10 Mailed the invoices to the Local Merchant Card Co. 16 24 Received payment from the Local Merchant Card Co 17 18 20 21 23 24 25 Problem 6-1SA Instructions General Journal1 General Journal2 General Ledger Acct Rec Subsidiary Ledger Schedule of Accounts + Ready 園圓凹 100%

GENERAL JOURNAL 1
			Page Number
Date	Description	PR	Debit	Credit

GENERAL JOURNAL 2
			Page Number
Date	Description	PR	Debit	Credit

General Ledger

Account Title:                                                                                                                                                #_________

Date

Item

PR

Transaction

Balance

balance

Debit

Credit

Debit

Credit

-

14 different tables for the general ledger.

Accounts Receivable Subsidiary Ledger
Name:                                                                                                                                              #________
Address:
City, State..
Date	Item	PR	Transaction		Balance
			Debit	Credit	Debit	Credit

6 different tables for the accounts receivable subsidiary ledger

Company Name
Schedule of Accounts
Date
Account Title	Debit	Credit

Answer 1

	Journal entries
	Country Kitchen
Date	Account tittle	Debit $	Credit $
1-Mar	Cash	126.00
	Sales Revenue		120.00
	Sales Tax at 5%		6.00
	( To record sales by cash)
3-Mar	Accounts receivable- Roberta Lee ( Credit Card)	78.75
	Sales Revenue		75.00
	Sales Tax at 5%		3.75
	( To record own credit card sales )
4-Mar	North East Bank Credit Card sales	79.80
	Credit Card Charges at 5%	4.20
	Sales Revenue		80.00
	Sales Tax at 5%		4.00
	( To record North East Bank credit card sales )
4-Mar	Local Merchant Credit Card Sales	50.93
	Credit Card Charges at 3%	1.58
	Sales Revenue		50.00
	Sales Tax at 5%		2.50
	( To record Local Merchant credit card sales )
5-Mar	Local Merchant Credit Card Sales	30.56
	Credit Card Charges at 3%	0.95
	Sales Revenue		30.00
	Sales Tax at 5%		1.50
	( To record Local Merchant credit card sales )
6-Mar	Cash	147.00
	Sales Revenue		140.00
	Sales Tax at 5%		7.00
	( To record sales by cash)
7-Mar	Cash	78.75
	Accounts receivable- Roberta Lee ( Credit Card)		78.75
	( Cash received from Roberta Lee )
8-Mar	North East Bank Credit Card sales	99.75
	Credit Card Charges at 5%	5.25
	Sales Revenue		100.00
	Sales Tax at 5%		5.00
	( To record North East Bank credit card sales )
8-Mar	Local Merchant Credit Card Sales	71.30
	Credit Card Charges at 3%	2.21
	Sales Revenue		70.00
	Sales Tax at 5%		3.50
	( To record Local Merchant credit card sales )
9-Mar	Sales Revenue	20.00
	Sales Tax at 5%	1.00
	Cash		21.00
	( Sales return from customer for cash refund)
10-Mar	Accounts Receivable-Local Merchant Bank	152.78
	Local Merchant Credit Card Sales		152.78
	( To record the invoices mailed to Local Merchant Bank and accounts receivable become due from the bank)
24-Mar	Cash	152.78
	Accounts Receivable-Local Merchant Bank		152.78
	( To record cash received from Local Merchant Bank)

Date	Accounts receivable- Roberta Lee ( Credit Card)
		Debit $		Credit $
43,527.00	Sales Revenue	75.00
	Sales Tax at 5%	3.75
43,531.00			Cash	78.75
	TOTAL	78.75	TOTAL	78.75
Date	North East Bank Credit Card sales
		Debit $		Credit $
43,528.00	Sales Revenue	80.00	Credit Card Charges at 5%	4.20
	Sales Tax at 5%	4.00
43,532.00	Sales Revenue	100.00	Credit Card Charges at 5%	5.25
	Sales Tax at 5%	5.00
			Balance	179.55
	TOTAL	189.00	TOTAL	189.00
Date	Local Merchant Credit Card Sales
		Debit $		Credit $
43,528.00	Sales Revenue	50.00	Credit Card Charges at 3%	1.58
	Sales Tax at 5%	2.50
43,529.00	Sales Revenue	30.00	Credit Card Charges at 3%	0.95
	Sales Tax at 5%	1.50
43,532.00	Sales Revenue	70.00	Credit Card Charges at 3%	2.21
	Sales Tax at 5%	3.50
43,534.00			Accounts Receivable-Local Merchant Bank	152.78
	TOTAL	157.50	TOTAL	157.50
	Accounts Receivable-Local Merchant Bank
Date		Debit $		Credit $
43,534.00	Local Merchant Credit Card Sales	152.78
43,548.00			Cash	152.78
	TOTAL	152.78	TOTAL	152.78