Make general journal entries to record the following transactions of Natural Bridge Resort Company for a two-month
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Make general journal entries to record the following transactions of Natural Bridge Resort Company for a two-month period. Explanations are not required.
March 31 Recorded cash sales of \(\$ 92,420\) for the month, plus sales tax of 5 percent collected on behalf of the state of Idaho. Recorded sales tax in a separate account.
April 6 Sent March sales tax to the state.
Journalize these transactions a second time. Record the sales tax initially in the Sales Revenue account.
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Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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