JOURNALIZING A CASH RECEIPT WITH A SALES DISCOUNT June 1. Received cash on account from Par Golf Club, $1,749.30, covering Sales Invoice No. 96 for golf equipment for $1,785.00 ($1,700.00 plus sales tax, $85.00), less 2% discount, $34.00, and less sales tax, $1.70. Receipt No. 89. 7. Write the cash debit amount. 7 1. Write the date. 1 2. Write the customer name. 2 3. Record the receipt number. 3 5. Write the sales tax debit amount. 5 6. Write the sales discount debit amount. 6 4. Write the accounts receivable credit amount. 4 Lesson 2-2, page 49

JOURNALIZING A CASH RECEIPT WITH A SALES RETURN AND A SALES DISCOUNT June 8. Received cash on account from Eastside Sports Center, $437.32, covering Sales Invoice No. 97 for $525.00 ($500.00 plus sales tax, $25.00), less Credit Memorandum No. 42 for $78.75 ($75.00 plus sales tax, $3.75), less 2% discount, $8.50, and less sales tax, $0.43. Receipt No. 92. 4. Write the accounts receivable credit amount. 4 3. Record the receipt number. 3 7. Write the cash debit amount. 7 2. Write the customer name. 2 6. Write the sales discount debit amount. 6 5. Write the sales tax payable debit amount. 5 1. Write the date. 1 Lesson 2-2, page 50

JOURNALIZING CASH AND CREDIT CARD SALES June 11. Recorded cash and credit card sales, golf equipment, $4,370.00; tennis equipment, $6,280.00; plus sales tax, $532.50; total $11,182.50. Cash Register Tape No. 11. 1. Write the date. 1 6. Enter sales credit amount for each department. 6 2. Place check mark in Account Title column. 2 3. Record cash register tape number. 3 4. Place a check mark in Post. Ref. column. 4 5. Enter sales tax payable credit amount. 5 7. Enter the cash debit amount. 7 Lesson 2-2, page 51

POSTING FROM THE CASH RECEIPTS JOURNAL 1 2 1. Individual amounts are posted to the accounts receivable ledger. 2. Column totals are posted to the account named in the column heading. Lesson 2-2, page 52

TERMS REVIEW sales discount Lesson 2-2, page 54