1. 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, ($1, 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

2. 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 $ ($ 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

3. 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, 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

4. POSTING FROM THE CASH RECEIPTS JOURNAL1 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

5. TERMS REVIEW
sales discount
Lesson 2-2, page 54