Record the following transactions of Divine Divas Fashions in a general journal. Fashion Park must charge 8
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Record the following transactions of Divine Divas Fashions in a general journal. Fashion Park must charge 8 percent sales tax on all sales.
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DATE 20X1 April 2 3 4 6 30 TRANSACTIONS Sold merchandise for cash, $3,500 plus sales tax. The customer purchasing merchandise for cash on April 2 returned $500 of the merchandise; provided a cash refund to the customer. Sold merchandise on credit to Lisa Dang; issued Sales Slip 908 for $1,025 plus tax, terms n/30. Accepted return of damaged merchandise from Lisa Dang; issued Credit Memorandum 302 for $175 plus tax. The original sale was made on Sales Slip 908 of April 4. Received payment on account from Lisa Dang in payment of her purchase of April 4, less the return on April 6.
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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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