Question

1. Use the following transactions to answer the questions. Use a 6% sales tax rate. Total and rule the sales journal.

   Jan.   3	Sold merchandise on account to J. J. Johnson, $1,500, plus sales tax.
   7	Sold merchandise on account to C. Lopez, $2,100, plus sales tax.
   14	Issued credit memorandum to J. J. Johnson for $530, including sales tax of $30.
   19	Sold merchandise on account to H. Hertz, $700, plus sales tax.
   29	Sold merchandise on account to G. Cardolo, $1,100, plus sales tax.

   Prepare the sales journal using the above transactions, as appropriate.

   SALES JOURNAL						Page 1
   Date	Sale No.	To Whom Sold	Post. Ref.	Accounts Receivable Debit	Sales Credit	Sales Tax Payable Credit
   Jan. 3		J. J. Johnson
   7		C. Lopez
   19		H. Hertz
   29		G. Cardolo

   Prepare the general journal using the above transactions, as appropriate. If an amount box does not require, leave it blank.

   Page: 1

   	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
   1	Jan. 14	Accounts Receivable/J. J.Johnson Cash Sales Returns and Allowances Supplies Wages Payable					1
   2		Accounts Receivable/J. J.Johnson Cash Sales Tax Expense Sales Tax Payable Income Tax Payable					2
   3		Accounts Receivable/J. J.Johnson Cash Sales Returns and Allowances Sales Tax Payable Income Tax Payable

Answer 1

Answer The Sale Tan orake -61 Sales Jou nal Enbu Nale Jan -3 Wthom Sold J-Jhng ALoCuts Ralaivable deb 15 90 Credi Sale 1500 oedat 0 Fyedle Sale Tan Recerable (dy) 590 Date Jan c. lopez Sold who Sales C) 2100

Saley Ta payableT 126 2L00t126 Accomt recaivable Date Jan (14 John son To whom sold Saley) Tax poyade Sales 30 = 500 +30 530 530 Account necaivabl (d) Dale Sen (1 To whom SoldH Hesty Sles (c T00

Sals Tar payable c)42 - 100 t42 72 Account re cat vable d) = 742 Pate Jan (29 To whom Sold =, G. Cadelo Sales C) Sele Tan Pgeble C66 l00t66 1166 Acaunt grecible (d)I166