Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. TLP Company is a merchandiser that sells audio systems. Journalize the following transactions for October 2021 in the appropriate journal. Oct 1 Sold
1. TLP Company is a merchandiser that sells audio systems. Journalize the following transactions for October 2021 in the appropriate journal. Oct 1 Sold a stereo system to Sylvester Cowell; issued Sales Slip No. 312 for $1,995 plus sales tax of $160. 2 Sold a speaker set to Gabe Callow; issued Sales Slip No. 313 for $749 plus sales tax of $60. 3 Sold a home theater system to Paige Newman; issued Sales Slip No. 314 for $4,995 plus sales tax of $400. 4 Accepted a return of damaged merchandise from Sylvester Cowell; issued Credit Memo 215 for $324, which includes sales tax of $24. 5 Sold a car audio system to Toby McBride; issued Sales Slip No. 315 for $2,299 plus sales tax of $176. 12 Sales Accounts Date Slip Customer Rec. Debit No. Sales Tax Payable Credit Sales Credit 3 4 5 Date Description Debit Credit 2 3 4 5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started