The sales and cash receipts journals of Caverly Office Products include the following entries:

Sales Journal Page 1
Date	Invoice No.	Customer Account Debited	Post. Ref.	Accounts Receivables Dr Sales Revenue Cr	Cost of Goods Sold Dr. Merchandise Inventory Cr.
2018
May 7	601	L. Ebert		110	63
10	602	T. Ross		65	33
10	603	E. Loop		95	37
12	604	B. Goebel		120	76
May 31		Total		390	209

Cash Receipt Journal Page 5
Date	Account Credited	Post. Ref.	Cash Dr	Accounts Receivables Cr	Sales Revenue Cr	Sales Discount Forfeited Cr	Other Accounts Cr	Cost of goods sold Dr Merchandise Inventory Cr
2018
May 16	L. Ebert
19	E. loop
24			320		320			250
30	T. Ross
May 31	Total

Identify the missing information in the cash receipts journal for those transactionslisted. All credit sales are terms n/30. Assume all the accounts are paid in full.Also, total the columns in the cash receipts journal and show that total debits equaltotal credits.

Step by step solution

01

Missing Information in Cash Receipt Journal

Cash Receipt Journal Page 5
Date	Account Credited	Post. Ref.	Cash Dr	Accounts Receivables Cr	Sales Revenue Cr	Sales Discount Forfeited Cr	Other Accounts Cr	Cost of goods sold Dr Merchandise Inventory Cr
2018
May 16	L. Ebert		$110	$110
19	E. loop		95	95
24			320		320			250
30	T. Ross		65	65

02

Total of Cash Receipt Journal

Cash Receipt Journal Page5
Date	Account Credited	Post. Ref.	Cash Dr	Accounts Receivables Cr	Sales Revenue Cr	Sales Discount Forfeited Cr	Other Accounts Cr	Cost of goods sold Dr Merchandise Inventory Cr
2018
May 16	L. Ebert		$110	$110
19	E. loop		95	95
24			320		320			250
30	T. Ross		65	65
May 31	Total		$590	$270	$320			$250

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