Table 7-9
the Following Transactions Occurred During the Month of July

question 51

Essay

Table 7-9
The following transactions occurred during the month of July for Lancer Company. $\begin{array}{llcc} \text {July 1 } &\text {Sold Merchandise on credit for \( \$ 3,100 \) to Chris Co, \( 2 / 10, \mathrm{n} 30 \), Invoice 316 . } \\ \text { 7 } & \text { Sold merchandise on credit to D. James for \( \$ 900,2 / 20 \), n 30 , Invoice 317 . }\\ \text {8 } &\text {Borrowed \( \$ 2,750 \) by giving a note to the bank. }\\ \text {13 } &\text {Owner invested an additional \( \$ 3,500 \) cash into the business. }\\ \text { 18 } &\text { Sold merchandise to \( M \). Garnett for \( \$ 230 \) cash.}\\ \text { 22} &\text { Sold merchandise to \( \mathrm{ABC} \) Co. \( \$ 2,100 \), Invoice \( 318 \mathrm{n} / 30 \). }\\ \text {27 } & \text { Received payment from D. James for the July 7 purchase. }\\ \text {30 } &\text {Paid salaries of \( \$ 1,600 \). }\\\end{array}$


-Refer to Table 7-9. Post the sales and cash receipts journals to the general ledger and accounts receivable sub-ledger. $2 / 10, \mathrm{n} 30$ , Invoice 316 . } \\ \text { 7 } & \text { Sold merchandise on credit to D. James for $\$ 900,2 / 20$ , n 30 , Invoice 317 . }\\ \text {8 } &\text {Borrowed $\$ 2,750$ by giving a note to the bank. }\\ \text {13 } &\text {Owner invested an additional $\$ 3,500$ cash into the business. }\\ \text { 18 } &\text { Sold merchandise to $M$ . Garnett for $\$ 230$ cash.}\\ \text { 22} &\text { Sold merchandise to $\mathrm{ABC}$ Co. $\$ 2,100$ , Invoice $318 \mathrm{n} / 30$ . }\\ \text {27 } & \text { Received payment from D. James for the July 7 purchase. }\\ \text {30 } &\text {Paid salaries of $\$ 1,600$ . }\\ \end{array} -Refer to Table 7-9. Post the sales and cash receipts journals to the general ledger and accounts receivable sub-ledger. " class="answers-bank-image d-block" rel="preload" > $2 / 10, \mathrm{n} 30$ , Invoice 316 . } \\ \text { 7 } & \text { Sold merchandise on credit to D. James for $\$ 900,2 / 20$ , n 30 , Invoice 317 . }\\ \text {8 } &\text {Borrowed $\$ 2,750$ by giving a note to the bank. }\\ \text {13 } &\text {Owner invested an additional $\$ 3,500$ cash into the business. }\\ \text { 18 } &\text { Sold merchandise to $M$ . Garnett for $\$ 230$ cash.}\\ \text { 22} &\text { Sold merchandise to $\mathrm{ABC}$ Co. $\$ 2,100$ , Invoice $318 \mathrm{n} / 30$ . }\\ \text {27 } & \text { Received payment from D. James for the July 7 purchase. }\\ \text {30 } &\text {Paid salaries of $\$ 1,600$ . }\\ \end{array} -Refer to Table 7-9. Post the sales and cash receipts journals to the general ledger and accounts receivable sub-ledger. " class="answers-bank-image d-block" rel="preload" >