Asked by Jordan Novak on Apr 27, 2024

Verified

Sunrise Coffee Shop, in an effort to streamline its accounting system, has decided to utilize a cash receipts journal. Record the following transactions for the first two weeks in March, total the columns, and include the posting references. A partial chart of accounts is given below. After recording the transactions, indicate if there are any additional columns you would add to this journal.? $$\begin{gathered} \text{ Cash Receipts Journal } \\ \begin{array}{ccccccc}\text{ Date }& \begin{array}{c}\text{ Account }\\ \text{ Credited }\end{array}& \begin{array}{c}\text{ Post. }\\ \text{ Ref. }\end{array}& \begin{array}{c}\text{ Other }\\ \text{ Accounts }\\ \text{ Cr. }\end{array}& \begin{array}{c}\text{ Beverage }\\ \text{ Revenue }\\ \text{ Cr. }\end{array}& \begin{array}{c}\text{ Food }\\ \text{ Revenue }\\ \text{ Cr. }\end{array}& \begin{array}{c}\text{ Cash }\\ \text{ Cr. }\end{array}\\ & & & & & & \\ & & & & & & \\ & & & & & & \\ & & & & & & \\ & & & & & & \\ & & & & & & \\ & & & & & & \end{array} \end{gathered}$$ Mar.
1Cash received for beverages, $375.
1Cash received for food, $250.
1Cash received for customer sales of Sunrise's signature coffee mugs, $130.
7Cash received for beverages, $480.
7Cash received for food, $325.
7Cash received for customer sales of Sunrise's signature coffee mugs, $115.
10Cash received on account from Central.com, $900.                         ~~~~~~~~~~~~~~~~~~~~~~~~                         Chart of Accounts (Partial)
$\begin{array}{ll}10\text{ Cash }& 41\text{ Beverage Revenue }\\ 12\text{ Accounts Receivable }& 42\text{ Food Revenue }\\ 15\text{ Retail Items }& 43\text{ Retail Revenue }\end{array}$