9.

Listed below are selected transactions of Wildhorse Department Store for the current year ending December 31. 1. On December 5 , the store received $500 from the Selig Players as a deposit to be returned after certain furniture to be used in stage production was returned on January 15. 2. During December, cash sales totaled $820,050, which includes the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. 3. On December 10, the store purchased for cash three delivery trucks for $113,300. The trucks were purchased in a state that applies a 5% sales tax. 4. The store sold 30 gift cards for $100 per card. At year-end, 25 of the gift cards are redeemed. Wildhorse expects three of the cards to expire unused. Date Account Titles and Explanation Dec. 5 Dec. 5 Cash Dec. 31 Cash Sales Taxes Payable Sales Revenue Dec. 10 Trucks Cash Dec. 31 Cash Sales Revenue (To record sale of 30 gift cards) Debit 113300 3000