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12/24/Y2 Weekly cash sales: 1001 (18@$125), 1002 (11@$190), 1003 (3@$250), 1004 (4@$500) ** Sales tax of 9.125% is added to all sales. Cash deposited into
12/24/Y2 Weekly cash sales: 1001 (18@$125), 1002 (11@$190), 1003 (3@$250), 1004 (4@$500) ** Sales tax of 9.125% is added to all sales. Cash deposited into checking account on transaction date. Shirley Sales uses a perpetual inventory system. It is okay to combine all sales into one entry. **Show subsidiary like this: Inventory [1001]
Journal entry. Cost: Item1001: 180@$50; Item1002: 200@$80; Item1003: 140@$95; Item1004: 52@$200
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