155. Climbers Unlimited uses special journals to record its daily transactions. They use the perpetual inventory system. Shown below is its cash receipts journal and selected ledger accounts. Post the cash receipts journal to the appropriate ledger accounts. Date AccountCredited Explanation PR Cash Debit SalesDisc Debit Accts.Rec.Credit SalesCredit Other Accts.Credit COGS Dr.Inv. Cr. July 4 Bale Co. Invoice 303 3,200 34 3,234 2,000 7 Sales Cash sales 700 700 450 9 SMT Co. Invoice 304 950 950 10 Notes Pay Bank loan 5,400 5,400 20 Notes Rec. Delta Co. 2,200 20 Int. Rev. 2,310 110 12,560 34 4,184 700 7,710 2,450 General Ledger Cash No. 101 Notes Payable No. 250 Date PR Debit Credit Balance Date PR Debit Credit Balance 7/1 4,500 Accounts Receivable No. 106 Sales No. 403 Date PR Debit Credit Balance Date PR Debit Credit Balance 7/1 6,700 7/1 30,000 Inventory No. 109 Sales Discounts No. 405 Date PR Debit Credit Balance Date PR Debit Credit Balance 7/1 15,000 7/1 400 Notes Receivable No. 115 Interest Revenue No. 415 Date PR Debit Credit Balance Date PR Debit Credit Balance 7/1 2,200 Accounts Payable No. 201 Cost of Goods Sold No. 502 Date PR Debit Credit Balance Date PR Debit Credit Balance 7/1 3,450 7/1 18,000 Accounts Receivable Subsidiary Leger Bale Co. SMT Co. Date PR Debit Credit Balance Date PR Debit Credit Balance 7/1 4,750 7/1 1,950

155. Climbers Unlimited uses special journals to record its daily transactions. They use the perpetual inventory system. Shown below is its cash receipts journal and selected ledger accounts. Post the...

155. Climbers Unlimited uses special journals to record its daily transactions. They use the perpetual inventory system. Shown below is its cash receipts journal and selected ledger accounts. Post the cash receipts journal to the appropriate ledger accounts.

Date		Account Credited	Explanation	PR	Cash Debit	Sales Disc Debit	Accts. Rec. Credit	Sales Credit	Other Accts. Credit	COGS Dr. Inv. Cr.
July	4	Bale Co.	Invoice 303		3,200	34	3,234			2,000
	7	Sales	Cash sales		700			700		450
	9	SMT Co.	Invoice 304		950		950
	10	Notes Pay	Bank loan		5,400				5,400
	20	Notes Rec.	Delta Co.						2,200
	20	Int. Rev.			2,310				110
					12,560	34	4,184	700	7,710	2,450

General Ledger
Cash No. 101		Notes Payable No. 250
Date	PR	Debit	Credit	Balance	Date	PR	Debit	Credit	Balance
7/1				4,500


Accounts Receivable No. 106		Sales No. 403
Date	PR	Debit	Credit	Balance	Date	PR	Debit	Credit	Balance
7/1				6,700	7/1				30,000



Inventory No. 109		Sales Discounts No. 405
Date	PR	Debit	Credit	Balance	Date	PR	Debit	Credit	Balance
7/1				15,000	7/1				400


Notes Receivable No. 115		Interest Revenue No. 415
Date	PR	Debit	Credit	Balance	Date	PR	Debit	Credit	Balance
7/1				2,200


Accounts Payable No. 201		Cost of Goods Sold No. 502
Date	PR	Debit	Credit	Balance	Date	PR	Debit	Credit	Balance
7/1				3,450	7/1				18,000

Accounts Receivable Subsidiary Leger

Bale Co.		SMT Co.
Date	PR	Debit	Credit	Balance	Date	PR	Debit	Credit	Balance
7/1				4,750	7/1				1,950

May 15, 2022

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155. Climbers Unlimited uses special journals to record its daily transactions. They use the perpetual inventory system. Shown below is its cash receipts journal and selected ledger accounts. Post the...

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