SALES JOURNAL | ||||||
Date | Sales Slip No | Customer's Name | Accounts Receivable Debit | Sales Tax payable Credit | Sales Credit | |
July 1,2019 | 501 | John Martinez | 891 | 66 | 825 | |
July 6,2019 | 502 | Helen Thai | 2,268 | 168 | 2,100 | |
July 11, 2019 | 503 | Richard Jones | 2,457 | 182 | 2,275 | |
July 17,2019 | 504 | Mary Schneider | 1,026 | 76 | 950 | |
July 23,2019 | 505 | Victoria Caremello | 621 | 46 | 575 | |
July 27, 2019 | 506 | Jeff Budd | 1,512 | 112 | 1,400 | Entertainment Item |
July 29, 2019 | 507 | Michelle Ly | 1,215 | 90 | 1,125 | |
July 31, 2019 | 508 | Peter Mcvay | 324 | 24 | 300 | |
Total | 10,314 | 764 | 9,550 |
Accounts Receivable | Account no:111 | ||
Date | Debit | Credit | Balance |
July 1,2019 | 28,000 | ||
July 31,2019 | 10,314 | 38,314 | |
Sales Tax Payable | Account no:231 | ||
Date | Debit | Credit | Balance |
July 1,2019 | 0 | ||
July 31,2019 | 764 | 764 | |
Sales | Account no:401 | ||
Date | Debit | Credit | Balance |
July 1,2019 | 0 | ||
July 31,2019 | 9550 | 9550 | |
Percentage of Entertainment Item in total sales | |||
i.e | 1400 / 9550*100= | 14.66% |
Superior Appliances is a retail store that sells household appliances. Merchandise sales are subject to an...
superior appliances it is a retail store that sells household appliances merchandise sales are subject to an 8% sales tax affirms credit sales for July are listed below along with the general ledger account used to record the sales the balance shown for accounts receivable is for the beginning of the month. Problem 7.1A Recording credit sales and posting from the sales journal. LO 7-1, 7-2 Superior Appliances is a retail store that sells household appliances. Merchandise sales are subject...
Superior Appliances is a retail store that sells household appliances. Merchandise sales are subject to an 8 percent sales tax. The firm’s credit sales for July are listed below, along with the general ledger accounts used to record these sales. The balance shown for Accounts Receivable is for the beginning of the month. DATE TRANSACTIONS July 1 Sold a dishwasher to John Martinez; issued Sales Slip 501 for $750 plus sales tax of $60. 6 Sold a washer to Helen...
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