Question

Problem 7-80 Bradley's Appliance Store had the following... Bradley's Appliance Store had the following transactions during the month of May 2019. May 5 6 Sold a refrigerator to Mary Wilson that had a retail price of $640. Sales tax of $32.00 was also charged. Sold a freezer to Sam Lee. Issued sales slip for $890 plus sales tax of $44.50. Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $115.50, which includes $5.50 of sales tax. Sold a television to Jill Hanna. Issued sales slip for $340 plus sales tax of $17.00. Sold two ovens to Steve Ferguson. Issued sales slip for $170 plus sales tax of $8.50. Accepted a return of a defective oven from Steve Ferguson. The oven was originally sold on May 20. Issued credit memorandum for $89.25, which included sales tax of $4.25 25 Prepare journal entries to record the above transactions, (Round your answers to 2 decimal places) View transaction list Journal entry worksheet < 1 2 3 4 5 Sold a refrigerator to Mary Wilson that had a retail price of $640. Sales tax of $32.00 was also charged.

Answer 1

Bradley's Appliance Store
Journal entries
Date	Account	Debit	Credit	Calculation
5-May	Accounts Receivable - Mary Wilson	672.00
	Sales		640.00
	Sales Tax Payable		32.00
6-May	Accounts Receivable - Sam Lee	934.50
	Sales		890.00
	Sales Tax Payable		44.50
8-May	Sales Returns & Allowances	110.00		=115.50-5.50
	Sales Tax Payable	5.50
	Accounts Receivable - Mary Wilson		115.50
15-May	Accounts Receivable - Jill Hanna	357.00
	Sales		340.00
	Sales Tax Payable		17.00
20-May	Accounts Receivable - Steve Ferguson	178.50
	Sales		170.00
	Sales Tax Payable		8.50
25-May	Sales Returns & Allowances	85.00		=89.25-4.25
	Sales Tax Payable	4.25
	Accounts Receivable - Steve Ferguson		89.25