Question
A company had the following transactions: Feb.6 Sold goods to Marie Wilson that had a retail price of $610. Sales tax of $30.50 was also
A company had the following transactions:
Feb.6
Sold goods to Marie Wilson that had a retail price of $610. Sales tax of $30.50 was also charged.
feb. 10
Sold goods to Steven Lee. Issued sales slip for $860 plus sales tax of $43.00.
feb. 11
Gave Marie Wilson an allowance for damages to the goods sold on Feb. 6. Issued credit memorandum for $131.25, which includes $6.25 of sales tax.
feb. 16
Sold goods to Jason Hanna. Issued sales slip for $325 plus sales tax of $16.25.
feb. 18
Sold goods to Sandy Ferguson. Issued sales slip for $155 plus sales tax of $7.75.
22
Accepted a return of defective goods from Sandy Ferguson. The goods were originally sold on Feb. 18. Issued credit memorandum for $162.75, which included sales tax of $7.75.
Prepare journal entries to record the above transactions.(Round your answers to 2 decimal places.)
prepare general journal
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