Homework Answers
| Sept. 2 | Accounts Receivable-Sam Larson | 1484 | ||
| Sales | 1400 | |||
| Sales Tax Payable | 84 | =1400*6% | ||
| Sept. 7 | Accounts Receivable-David Mitchell | 2014 | ||
| Sales | 1900 | |||
| Sales Tax Payable | 114 | =1900*6% | ||
| Sept. 12 | Sales Returns and Allowances | 650 | ||
| Sales Tax Payable | 39 | |||
| Accounts Receivable-Sam Larson | 689 | |||
| Sept. 22 | Accounts Receivable-Matt Feustal | 530 | ||
| Sales | 500 | |||
| Sales Tax Payable | 30 | =500*6% | ||
| Sept. 28 | Accounts Receivable-Ana Cardona | 901 | ||
| Sales | 850 | |||
| Sales Tax Payable | 51 | =850*6% |
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During the month of September, the following transactions occurred. The applicable sales tax rate is 6%....
Use the following transactions to answer the questions. Use a 7% sales tax rate. Total and...
Use the following transactions to answer the questions. Use a 7% sales tax rate. Total and rule the sales journal. Aug. 1 Sold merchandise on account to Beth Deleo, $1,500, plus sales tax. 5 Sold merchandise on account to Bill Serrato, $1,850, plus sales tax. 11 Issued credit memorandum to Beth Deleo for $428, including sales tax of $28. 22 Sold merchandise on account to Donna Whitten, $680, plus sales tax. 25 Sold merchandise on account to Rob Thompson, $750,...
Use the following transactions to answer the questions. Use a 6% sales tax rate. Total and...
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....
Enter the following transactions in a sales journal. Use a 6% sales tax rate.
ournalizing Sales TransactionsEnter the following transactions in a sales journal. Use a 6% sales tax rate.May 1Sold merchandise on account to J. Adams, $1,800, plus sales tax. Sale No. 488.4Sold merchandise on account to B. Clark, $1,800, plus sales tax. Sale No. 489.8Sold merchandise on account to A. Duck, $1,500, plus sales tax. Sale No. 490.11Sold merchandise on account to E. Hill, $1,950, plus sales tax. Sale No. 491.help_outline
please help Enter the following transactions in a cash receipts journal. Use a 5% sales tax...
please help
Enter the following transactions in a cash receipts journal. Use a 5% sales tax rate. Total and rule the journal. If an amount box does not require an entry, leave it blank. Feb. 2 John Door made an $890 payment on account. 7 Cash sales for the week, $2,140, plus sales tax. 11 Tom Chovin made a $600 payment on account 14 Grace Borsetti made a $1,540 payment on account 18 Cash sales for the week, $2,300, plus...
Sales-Related Transactions Using Perpetual Inventory System. The following selected transactions were completed by Green Lawn Supplies...
Sales-Related Transactions Using Perpetual Inventory System. The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers: July 1. Sold merchandise on account to Landscapes Co., $16,100, terms FOB shipping point, n/eom. The cost of merchandise sold was $9,700. 2. Sold merchandise for $24,300 plus 7% sales tax to retail cash customers. The cost of merchandise sold was $15,800. 5. Sold merchandise on account to Peacock Company, $35,700,...
Bradley's Appliance Store had the following transactions during the month of May 2019 May 5 8...
Bradley's Appliance Store had the following transactions during the month of May 2019 May 5 8 Sold a refrigerator to Mary Wilson that had a retail price of $650. Sales tax of $32.50 was also charged. Sold a freezer to Sam Lee. Issued sales slip for $900 plus sales tax of $45 Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $78.75, which includes $3.75 of sales tax Sold a television...
Sales Journal, Cash Receipts Journal, and General Journal Owens Distributors is a retail business...
Sales Journal, Cash Receipts Journal, and General Journal
Owens Distributors is a retail business. The following sales,
returns, and cash receipts occurred during March 20--. There is an
8% sales tax. Beginning general ledger account balances were Cash,
$9,774; and Accounts Receivable, $1034.00. Beginning customer
account balances were Thompson Group, $1034.00.
Mar. 1
Sold merchandise to Able & Co., $1,843, plus sales tax.
Sale No. 33C.
3
Sold merchandise to R. J. Kalas, Inc., $2,274, plus sales tax.
Sale No....
Problem 7.1A Recording sales and cash receipts for a retail store. LO 7-1, 7-4 The Appliance...
Problem 7.1A Recording sales and cash receipts for a retail store. LO 7-1, 7-4 The Appliance Store began operations March 1, 2019. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. During March, The Appliance Store engaged in the following transactions: DATE TRANSACTIONS 2019 March 1 Sold merchandise on credit to Dave Allen; issued Sales Slip 101 for $550 plus sales tax of $33. 4 Sold merchandise on credit...
Sales-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Green Lawn Supplies...
Sales-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers: July 1. Sold merchandise on account to Landscapes Co., $13,700, terms FOB shipping point, n/eom. The cost of merchandise sold was $8,200. 2. Sold merchandise for $19,100 plus 8% sales tax to retail cash customers. The cost of merchandise sold was $12,400. 5. Sold merchandise on account to Peacock Company, $32,800,...
Answer all please. Sales-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by...
Answer all please. Sales-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers: July 1. Sold merchandise on account to Landscapes Co., $16,100, terms FOB shipping point, n/eom. The cost of merchandise sold was $9,700. 2. Sold merchandise for $24,300 plus 7% sales tax to retail cash customers. The cost of merchandise sold was $15,800. 5. Sold merchandise on account to...
please help
Enter the following transactions in a cash receipts journal. Use a 5% sales tax rate. Total and rule the journal. If an amount box does not require an entry, leave it blank. Feb. 2 John Door made an $890 payment on account. 7 Cash sales for the week, $2,140, plus sales tax. 11 Tom Chovin made a $600 payment on account 14 Grace Borsetti made a $1,540 payment on account 18 Cash sales for the week, $2,300, plus...
Bradley's Appliance Store had the following transactions during the month of May 2019 May 5 8 Sold a refrigerator to Mary Wilson that had a retail price of $650. Sales tax of $32.50 was also charged. Sold a freezer to Sam Lee. Issued sales slip for $900 plus sales tax of $45 Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $78.75, which includes $3.75 of sales tax Sold a television...
Sales Journal, Cash Receipts Journal, and General Journal
Owens Distributors is a retail business. The following sales,
returns, and cash receipts occurred during March 20--. There is an
8% sales tax. Beginning general ledger account balances were Cash,
$9,774; and Accounts Receivable, $1034.00. Beginning customer
account balances were Thompson Group, $1034.00.
Mar. 1
Sold merchandise to Able & Co., $1,843, plus sales tax.
Sale No. 33C.
3
Sold merchandise to R. J. Kalas, Inc., $2,274, plus sales tax.
Sale No....
Problem 7.1A Recording sales and cash receipts for a retail store. LO 7-1, 7-4 The Appliance Store began operations March 1, 2019. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. During March, The Appliance Store engaged in the following transactions: DATE TRANSACTIONS 2019 March 1 Sold merchandise on credit to Dave Allen; issued Sales Slip 101 for $550 plus sales tax of $33. 4 Sold merchandise on credit...
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