The Sun Company completed the following sales and cash receipts transactions during the first week of December. The Sun Company uses the periodic inventory system.
a. Use the sales journal and the cash receipts journal to record these transactions
b. Prepare a schedule of accounts receivable. There were no accounts receivable at December 1.

Question

The Sun Company completed the following sales and cash receipts transactions during the first week of December. The Sun Company uses the periodic inventory system.
  a. Use the sales journal and the cash receipts journal to record these transactions
b. Prepare a schedule of accounts receivable. There were no accounts receivable at December 1.

Quizplus · Accepted Answer

The Answer of The Sun Company completed the following sales and cash receipts transactions during the first week of December. The Sun Company uses the periodic inventory system.
  a. Use the sales journal and the cash receipts journal to record these transactions
b. Prepare a schedule of accounts receivable. There were no accounts receivable at December 1.

The Sun Company Completed the Following Sales and Cash Receipts