color florists a retail business had the following 357456

Color Florists, a retail business, had the following cash receipts during January 20 . The sales tax is 5%.

Jan. 1 Received payment on account from Ray Boyd, $880.

3 Received payment on account from Clint Hassell, $271.

5 Cash sales for the week were $2,800 plus tax. Bank credit card sales for the week were $1,200 plus tax. Bank credit card fee is 3%.

8 Received payment on account from Jan Sowada, $912.

11 Ray Boyd returned merchandise for a credit, $40 plus tax.

12 Cash sales for the week were $3,100 plus tax. Bank credit card sales for the week were $1,900 plus tax. Bank credit card fee is 3%.

15 Received payment on account from Robert Zehnle, $1,100.

18 Robert Zehnle returned merchandise for a credit, $31 plus tax.

19 Cash sales for the week were $2,230 plus tax.

25 Received payment on account from Dazai Manufacturing, $318.

Beginning general ledger account balances were:

Cash $2,890.75

Accounts Receivable 6,300.00

Beginning customer account balances were:

R. Boyd $1,400

Dazai Manufacturing 318

C. Hassell 815

J. Sowada 1,481

R. Zehnle 2,286

REQUIRED

1. Record the transactions in a general journal.

2. Post from the journal to the general ledger and accounts receivable ledger accounts. Use account numbers as shown in the chapter.