QS 7-6 Sales Journal P1 Caesar Company uses a sales journal, purchases journal, cash receipts journal, cash payments jou

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Qs 7 6 Sales Journal P1 Caesar Company Uses A Sales Journal Purchases Journal Cash Receipts Journal Cash Payments Jou 1 (23.54 KiB) Viewed 31 times

QS 7-6 Sales Journal P1 Caesar Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare a sales journal like the one in Exhibit 7.5. Journalize the following transactions that should be recorded in the sales journal. June 5 Purchased $1,000 of merchandise on credit from Roman Corp. 9 Sold merchandise costing $200 to R. Allen for $325, terms n/10, Invoice No. 2080. 12 Sold merchandise costing $300 to J. Meyer for $450 cash, Invoice No. 2081. 19 Received $325 cash from R. Allen to pay for the June 9 purchase. 27 Sold merchandise costing $400 to B. Kraft for $550, terms n/10, Invoice No. 2082.