Question

Question 2 View Policies Current Attempt in Progress R. Wildhorse Co.uses special journals and a general journal. The following transactions occurred during May 2020. May R. Wildhorse invested $46,500 cash in the business. 2 Sold merchandise to Lawrie Co.for $6,000 cash. The cost of the merchandise sold was $4,050. ය Purchased merchandise for $7.200 from J. Moskos using check no. 101. Paid salary to H. Rivera $635 by issuing check no. 102. 14 Sold merchandise on account to K. Stanton for $845, terms n/30. The cost of the merchandise sold was $630. 22 A check of $9.340 is received from M. Mangini in full for invoice 101: no discount given.

Answer 1

Cash Receipts Journal
Date	Account Credited	Ref.	Cash Dr.	Sales Discounts Dr.	Accounts Receivable Cr.	Sales Revenue Cr.	Other Accounts Cr.	Cost of Goods Sold Dr. Inventory Cr.
2020
May 1	Owner’s Capital		46500				46500
May 2			6000			6000		4050
May 22	M. Mangini		9340		9340
			61840		9340	6000	46500	4050