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Record the Following Transactions for the Month of April, 2019

Question 80

Essay

Record the following transactions for the month of April, 2019 on page 4 of a cash receipts journal. Total, prove, and rule the cash receipts journal as of April 30.
April 3 Collected $350 from Margo Daub, a credit customer on account.
1 Kevin Sharp, the owner, invested an additional $5,000 cash in the business.
2 Received a cash refund of $30 for damaged supplies.
15 Had cash sales of $5,500 plus sales tax of $385. There was a cash overage of $5.
18 Received $800 from Brian Cobb, a credit customer, in payment of his account.
20 Received a check from Phil Stout to pay his $700 promissory note plus interest of $42.
30 Had cash sales of $3,800 plus sales tax of $266. There was a cash shortage of $5.
Record the following transactions for the month of April, 2019 on page 4 of a cash receipts journal. Total, prove, and rule the cash receipts journal as of April 30. April 3 Collected $350 from Margo Daub, a credit customer on account. 1 Kevin Sharp, the owner, invested an additional $5,000 cash in the business. 2 Received a cash refund of $30 for damaged supplies. 15 Had cash sales of $5,500 plus sales tax of $385. There was a cash overage of $5. 18 Received $800 from Brian Cobb, a credit customer, in payment of his account. 20 Received a check from Phil Stout to pay his $700 promissory note plus interest of $42. 30 Had cash sales of $3,800 plus sales tax of $266. There was a cash shortage of $5.
Record the following transactions for the month of April, 2019 on page 4 of a cash receipts journal. Total, prove, and rule the cash receipts journal as of April 30. April 3 Collected $350 from Margo Daub, a credit customer on account. 1 Kevin Sharp, the owner, invested an additional $5,000 cash in the business. 2 Received a cash refund of $30 for damaged supplies. 15 Had cash sales of $5,500 plus sales tax of $385. There was a cash overage of $5. 18 Received $800 from Brian Cobb, a credit customer, in payment of his account. 20 Received a check from Phil Stout to pay his $700 promissory note plus interest of $42. 30 Had cash sales of $3,800 plus sales tax of $266. There was a cash shortage of $5.

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