5 Exceptional Electronics began operations September 1, 2016. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales tax. September, Exceptional Electronics engaged in the following transactions. DATE TRANSACTIONS 2016 points Sept 1 Sold a high-definition television set on credit to Can dy Cho, issued Sales Slip 3 Sold stereo equipment on credit to Jim Peterson; issued Sales Slip 102 for 7 Sold a microwave oven on credit to Bridgette Huffman; issued Sales Slip 103 12 Accepted return of defective stereo equipment from Jim Peterson; issued 101 for $2,300 plus sales tax of $161. $1,000 plus sales tax of $70 for $200 plus sales tax of $14 eBook Print Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment 15 Recorded cash sales for the period from September 1 to September 15 of 16 Sold a gas dryer on credit to Kathy Sundstrand; issued Sales Slip 104 for $500 17 Sold a home entertainment system on credit to Mark Navalta; issued Sales Slip was sold on September 3 $10,700 plus sales tax of $749 plus sales tax of $35 105 for $2,300 plus sales tax of $161. 18 Received $690 from Candy Cho on account. 20 Received payment in full from Jim Peterson for the sale of September 3, less the return of September 12 25 Gave Mark Navalta an allowance because of scratches on his home