Question

Assume Spangled SpringsSpangled Springs Glass Company uses the perpetual inventory system. The general ledger of Spangled Springs Glass Company includes the following selected​ accounts, along with their account​ numbers:

Number	Account	Number	Account
11	Cash	18	Equipment
12	Accounts Receivable	19	Land
13	Notes Receivable	41	Sales Revenue
15	Merchandise Inventory	51	Cost of Goods Sold
16	Office Supplies

2 Sold merchandise inventory on​ credit, terms​ n/30, to ImageImage​, ​Inc., $ 2 comma 200$2,200 ​(cost, $ 400$400​). 3 Sold office supplies to an employee at​ cost, $ 75$75​, receiving cash. 7 Cash sales for the week totaled $ 2 comma 100$2,100 ​(cost, $ 1 comma 100$1,100​). 9 Sold merchandise inventory on​ account, terms​ n/30, to A. B. MooreA. B. Moore​, $ 7 comma 400$7,400 ​(cost, $ 5 comma 500$5,500​). 10 Sold land that cost $ 11 comma 000$11,000 for cash of the same amount. 11 Sold merchandise inventory on​ account, terms​ n/30, to Super ElectricSuper Electric​, $ 5 comma 900$5,900 ​(cost, $ 3 comma 450$3,450​). 12 Received cash from ImageImage in full settlement of its account receivable from JulyJuly 2. 14 Cash sales for the week were $ 2 comma 900$2,900 ​(cost, $ 1 comma 450$1,450​). 15 Sold merchandise inventory on​ credit, terms​ n/30, to the partnership of West and BobWest and Bob​, $ 3 comma 800$3,800 ​(cost, $ 2 comma 500$2,500​). 20 Sold merchandise inventory on​ account, terms​ n/30, to Super ElectricSuper Electric​, $ 620$620 ​(cost, $ 200$200​). 21 Cash sales for the week were $ 920$920 ​(cost, $ 650$650​). 22 Received $ 4 comma 900$4,900 cash from A. B. MooreA. B. Moore in partial settlement of his account receivable. 25 Received cash from West and BobWest and Bob for its account receivable from JulyJuly 15. 25 Sold merchandise inventory on​ account, terms​ n/30, to Oggio Co.Oggio Co.​, $ 1 comma 530$1,530 ​(cost, $ 1 comma 050$1,050​). 27 Collected $ 5 comma 500$5,500 on a note receivable. There was no interest earned. 28 Cash sales for the week totaled $ 3 comma 700$3,700 ​(cost, $ 2 comma 490$2,490​). 29 Sold merchandise inventory on​ account, terms​ n/30, to R. L. BennettR. L. Bennett​, $ 260$260 ​(cost, $ 170$170​). 31 Received $ 1 comma 900$1,900 cash on account from A. B. MooreA. B. Moore.

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Use the appropriate journal to record the preceding transactions in a sales journal​ (omit the Invoice No.​ column) and a cash receipts journal​ (omit the Sales Discounts Forfeited​ column).
2.	Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits.
3.	Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals. ​(Assume all postings are made to the applicable​ ledgers.)

Answer 1

Kindly fill appropriately in required formats/templates since the same have not been provided along with the question posted.

SALES JOURNAL
Date	Account Debited	Accounts Receivable Dr. Sales Revenue Cr.	Cost of Goods Sold Dr. Merchandise Inventory Cr.
Jul. 2	Image Inc.	2200	400
Jul. 9	A. B. Moore	7400	5500
Jul. 11	Super Electric	5900	3450
Jul. 15	West and Bob	3800	2500
Jul. 20	Super Electric	620	200
Jul. 25	Oggio Co.	1530	1050
Jul. 29	R. L. Bennett	260	170
Jul. 31	Totals	21710	13270
		(12),(41)	(51),(15)

CASH RECEIPTS JOURNAL
Date	Account Credited	Cash Dr.	Accounts Receivable Cr.	Sales Revenue Cr.	Other Accounts Cr.	Cost of Goods Sold Dr. Merchandise Inventory Cr.
Jul. 3	Office supplies	75			75
Jul. 7	Sales revenue	2100		2100		1100
Jul. 10	Land	11000			11000
Jul. 12	Image Inc.	2200	2200
Jul. 14	Sales revenue	2900		2900		1450
Jul. 21	Sales revenue	920		920		650
Jul. 22	A. B. Moore	4900	4900
Jul. 25	West and Bob	3800	3800
Jul. 27	Notes receivable	5500			5500
Jul. 28	Sales revenue	3700		3700		2490
Jul. 31	A. B. Moore	1900	1900
Jul. 31	Totals	38995	12800	9620	16575	5690
		(11)	(12)	(41)	(16),(19),(13)	(51),(15)