Problem

Recording credit sales.The following transactions took place at Juan’s Sporting Goods, dur...

Recording credit sales.

The following transactions took place at Juan’s Sporting Goods, during May. Indicate how these transactions would be entered in a sales journal like the one shown in Figure 7.2.

DATE

TRANSACTIONS

May

1

Sold a tent and other items on credit to Roy Anderson; issued Sales Slip 1101 for $354 plus sales tax of $25.

 

2

Sold a backpack, an air mattress, and other items to John Amos; issued Sales Slip 1102 for $254 plus sales tax of $18.

 

3

Sold a lantern, cooking utensils, and other items to Teresa Wells; issued Sales Slip 1103 for $293 plus sales tax of $21.

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Solutions For Problems in Chapter 7