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Secure https://asa. assessment/take/launch-jsp?course-assessment-id=-10235-18c QUESTION 11 Each general ledger account used in the purchases joumal requires only one posting for each accounting period O True o False QUESTION 12 Etter the following transactions in a cash receipts journal Use a 5% sales tax rate. Total and rule thejournal Jim White made a $600 payment on account 8 Cash sales for the week, $3,000, phus sales tax 10 Kristin Ludwin made a $600 payment on account 15 Melissa Perez made a $3,570 payment on account 17 Cash sales for the week, $2,600, plus sales tax 25 Sue Lee paid $860 on account 30 Matt Chang paid $934 on account Oct 1 CASH RECEIPTS JOURNAL Page 1 Sales Tax Payable Cash Accounts Account Post General Receivable Sales C Date Credited Ret Credit Credit Credit Debit

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Question 12

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CASH RECEIPTS JOURNAL Date Account Credited Post Ref. General Credit Accounts Receivable credit Sales Credit Sales Tax Payable Credit Cash Debit Oct 1 Jim White $600 $600 8 Cash Sales $3,000 $150 $3,150 10 Kristin Ludwin $600 $600 15 Melissa Perez $3,570 $3,570 17 Cash Sales $2,600 $130 $2,730 25 Sun Lee $860 $860 30 Matt Chang $934 $934 $6,564 $5,600 $280 $12,444

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