Using the sales, cash receipts, and general journals Assume Peaceful Spring Company uses the perpetual inventory system. The general ledger of Peaceful Springs Company includes the following selected accounts, along with their account numbers:
Requirements 1. Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No. column) and a cash receipts journal (omit the Sales Discounts Forfeited column). 2. Total each column of the sales journal and the cash receipts journal. Determine that total debits equal total credits. 3. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the journals.
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