Martin Manufacturing Company Uses a Cash Receipt Journal Provide a Summary General Journal Entry, Including All Accounts That

question 67

Essay

Martin Manufacturing Company uses a cash receipt journal. At the end of March, the cash receipts journal was completed as follows:
Cash Receipts Journal $\begin{array} { | c | r | r | r | r | r | r | r | } \hline \text { Date } & \begin{array} { c } \text { Cash } \\\text { Debit }\end{array} & \begin{array} { c } \text { Sales } \\\text { Discount } \\\text { Debit }\end{array} & \begin{array} { c } \text { Sales } \\\text { Revenue } \\\text { Credit }\end{array} & \begin{array} { c } \text { Accts. } \\\text { Rec. } \\\text { Credit }\end{array} & \begin{array} { c } \text { Other } \\\text { Accounts }\end{array} & \begin{array} { c } \text { Other } \\\text { Accounts } \\\text { Amount }\end{array} & \begin{array} { l } \text { COGS DR DR } \\\text { CR }\end{array} \\\hline \text { Mar 3 } & \$ 100 & & \$ 100 & & & & \$ 42 \\\hline&& & & & \text { Chaney, } \\ 5 & 2,000 &&&\$2,000& \text { A}&& \\\hline 11 & 3,920 & \$ 80 & & 4,000 & \text { Keen, R. } & & \\\hline 15 & 750 & & & & \text { Rentrev. } & \$ 750 & \\\hline 19 & 804 & & 804 & & & & \$ 335 \\\hline 24 & 220 & & & 220 & \text { Sutz, M. } & & \\\hline 29 & 3,528 & 72 & & 3,600 & \text { Ash, C. } & & \$ 1,400 \\\hline & \$ 11,322 & \$ 152 & \$ 904 & \$ 9,820 & & \$ 750 & \$ 1,777 \\\hline\end{array}$ Provide a summary general journal entry, including all accounts that were affected during the month. $$\begin{array} { | l | l | l | } \hline ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&~~~~~~~~~~ & ~~~~~~~~~~~\\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

---

Definitions:

Workplace Productivity

The efficiency with which employees complete tasks and responsibilities within their work environment, contributing to the overall productivity of the organization.

Unionization Effects

The impact that the process of organizing workers into unions can have on labor practices, wages, work conditions, and business operations.

Job Satisfaction

relates to the level of fulfillment, contentment, or happiness that an individual derives from their job, often influencing productivity and loyalty.

Unionized Workers

Workers who are part of a labor organization that acts on their behalf in bargaining sessions with employers.