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(a) On January 3, Alpha Company sold goods on account to Zeta Company for $1,000, with terms 2/10, n/30. The goods cost Alpha Company $600.
(a) On January 3, Alpha Company sold goods on account to Zeta Company for $1,000, with terms 2/10, n/30. The goods cost Alpha Company $600. The goods are subject to sales tax of 5%. Prepare Alpha's entry (entries) for January 3. Date Account Debit Credit (b) On January 4, Alpha Company sold goods on account to Omicron Company for $1,200. The goods cost Alpha Company $700. The goods are not subject to sales tax. Omicron used a Visa card to pay. The bank fee to process the Visa transaction is 2%. Prepare Alpha's entry (entries) for January 4. Date Account Debit Credit
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