Date
|
Actually
Received
From
|
Actual
Cash
Receipts
|
Recorded
as
Received From
|
Receipts Recorded and Deposited
|
Receipts
Withheld
|
Dec. 1
|
Abbott
Crane
|
$ 750
1,035
|
Crane
|
$1,035
|
$750
|
Dec. 2
|
Barstow
White
|
750
130
|
Abbott
White
|
$ 750
$130
|
|
Dec. 3
|
Crawford
Miller
|
1575
400
|
Barstow
Miller
|
750
400
|
$825
|
|
|
$4,640
|
|
$3,065
|
$1,575
|
Present (a) the correct journal entries that should have been made if lapping had not occurred and (b) entries made that would reflect the lapping of cash receipts collected on credit sales.