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1. Analyze the transactions for October and record each transaction in the General journal. Can you please help with journal entries for the below? Received
1. Analyze the transactions for October and record each transaction in the General journal. |
Can you please help with journal entries for the below?
Received Credit Memo from Classy Threads for defective good that were returned. The original purchase was recorded on October 25. 29 Sold Merchandise on credit to Emily Tran plus tax, sales slip 245. $ Sales Slip Tax $ $ 444.00 3,666.00 168.00 29 Recorded the October payroll. The records prepared by the payroll service are as follows: $ 11,419.00 $ 687.00 $ 179.00 Tax Earnings Social Security Medicare Employee Income Net Pay Social Security Medicare FUTA SUTA $ $ 946.00 9.607.00 29 Recorded the employer's payroll taxes, which are calculated by the payroll service are as follows: $ $ $ $ 687.00 179.00 135.00 602.00 $ 3.723.00 30 Purchased merchandise from Today's Woman, Invoice 5821, dated October 26; terms are 1/10, 1/30. 31 Issued Cks 616 through 619 to employees to pay October payroll. For the sake of simplicity, enter the total of the checks on a single line in the general journal 31 Issued Ck 620 to Handy Janitors for October Janitorial services. 31 Had cash sales plus tax during October 29-31. $ 9.607.00 $ 534.00 Sales Tax 1.971.00 114.00Step by Step Solution
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