Appliances Unlimited began operations November 1, 20X1. The firm sells its merchandise for cash and on open
Question:
Appliances Unlimited began operations November 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. During November, Appliances Unlimited engaged in the following transactions:
INSTRUCTIONS
Record the transactions in a general journal. Use 1 as the journal page number.
Analyze:
What is the total amount due from Dave Hall for the November 29 sale?
Transcribed Image Text:
DATE 20X1 Nov. 1 2 7 12 15 16 17 18 20 TRANSACTIONS Sold a dishwasher on credit to Anna Chang; issued Sales Slip 101 for $1,100 plus sales tax of $66. Sold stereo equipment on credit to Janie O'Hara; issued Sales Slip 102 for $700 plus sales tax of $42. Sold a trash compactor on credit to Dave Hall; issued Sales Slip 103 for $550 plus sales tax of $33. Accepted return of defective stereo equipment from Janie O'Hara; issued Credit Memorandum 101 for $80 plus sales tax of $4.80. The stereo equipment was sold on November 2. Recorded cash sales for the period from November 1 to November 15 of $10,160 plus sales tax of $609.60. Sold a microwave oven on credit to Maria Santoro; issued Sales Slip 104 for $250 plus sales tax of $15. Sold a home entertainment system on credit to Bob Newell; issued Sales Slip 105 for $1,020 plus sales tax of $61.20. Received $466 from Anna Chang on account. Received payment in full from Janie O'Hara for the sale of November 2, less the return of November 12.
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answers Date Particulars Debit Credit Mar1 Account Receivable 63600 Sales 60000 Sales Tax Payable 36...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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