Question

Record the following transactions for the month of November 2019 in the cash receipts journal. Total, prove, and rule the cash receipts journal as of November 30. Nov. 1 Collected $3,600 from Katie Bing, a credit customer on account. 10 Received a check from Mike Drake to pay his $5,600 promissory note plus interest of $336. 13 Received $6,400 from Jessie Cole, a credit customer, in payment of her account. 15 Had cash sales of $18,000 plus sales tax of $1,260. There was cash overage of $5. a CASH RECEIPTS JOURNAL Other Accounts Credit Date Description Accounts Receivable Credit Sales Tax Payable Credit Sales Credit Account Title Amount Cash Debit Nov 01, 2019 Nov 10, 2019 Nov 13, 2019 Nov 15, 2019 Nov 30, 2019 Totals

Answer 1

Cash Receipt Journal Other Accounts CREDIT Date Description Accounts Sales Tax Receivable Credit Payable Credit Sales Credit Account Title Amount Cash Debit $ 3,600 Note Receivable $ Interest Revenue $ $ 5,600 $ 336 $ Nov 1. Collection from Customer Katie Bing on a/c Nov 10. Note receivable Principal receipt Note Receivable interest receipt Nov 13. Collection from Customer Jessies Cole Cash sales receipt with sales tax payable & Nov 15. cash overage 3,600 5,600 336 6,400 $ 6,400 $ $ 1,260$ 18,000 Cash Short and Over $ 5$ 19,265 Nov 30. Totals $ 10,000 $ 1,260 $ 18,000 $ 5,941 $ 35,201