Redmon Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements?

Hutton Company uses a sales journal,purchases journal,cash receipts journal,cash disbursement journal?

• The following transactions occur in the month of March: Mar. 2 Sold merchandise costing $300 to B. Fager for $450 cash, invoice no. 5703. 5 Purchased $2,300 of merchandise on credit from Marsh Corp. 7 Sold merchandise costing $800 to J. Dryer for $1,150, terms 2_10, n_30, invoice no. 5704. 8 Borrowed $8,000 cash by signing a note payable to the bank. 12 Sold merchandise costing $200 to R. Land for $320, terms n_30, invoice no. 5705. 16 Received $1,127 cash from J. Dryer to pay for the purchase of March 7. 19 Sold used store equipment for $900 cash to Malone, Inc. 25 Sold merchandise costing $350 to T. Burton for $550, terms n_30, invoice no. 5706. Prepare headings for a sales journal like the one in Exhibit 7.5. Journalize the March transactions that should be recorded in this sales journal

• Answer:

  Hutton needs to realize that questions like this don't involve tax and belong in the homework forum.