a. Sold merchandise on account to A. Bauer, $680 plus $54.40 sales tax (invoice no. D446). b. Bauer returned $105.50 of the merchandise. Issued credit memo no. 114 for $113.94 (\$105.50 for the amount of the sale plus $8.44 for the amount of the sales tax). Required: Record the above transactions in general journal form. CHART OF ACCOUNTS A. Bauer General Ledger ASSETS REVENUE 111 Cash 411 Sales 113 Accounts Receivable 412 Sales Returns and Allowances 115 Supplies 117 Prepaid Insurance EXPENSES 124 Equipment 511 Purchases 512 Purchase Returns and Allowances LIABILITIES 513 Advertising Expense 212 Accounts Payable 514 Freight-in 214 Sales Tax Payable 515 Utilities Expense 631 Miscellaneous Expenses EQUITY 311 A. Bauer, Capital 312 A. Bauer, Drawing Subsidiary Ledgers Accounts Receivable Ledger 113.1 A. Bauer Prepare the transactions in the general journal on December 31. General Journal Instructions a. Sold merchandise on account to A. Bauer, $680 plus $54.40 sales tax (invoice no. D446). b. Bauer returned $105.50 of the merchandise. Issued credit memo no. 114 for $113.94 (\$105.50 for the amount of the sale plus $8.44 for the amount of the sales tax). Required: Record the above transactions in general journal form. CHART OF ACCOUNTS A. Bauer General Ledger ASSETS REVENUE 111 Cash 411 Sales 113 Accounts Receivable 412 Sales Returns and Allowances 115 Supplies 117 Prepaid Insurance EXPENSES 124 Equipment 511 Purchases 512 Purchase Returns and Allowances LIABILITIES 513 Advertising Expense 212 Accounts Payable 514 Freight-in 214 Sales Tax Payable 515 Utilities Expense 631 Miscellaneous Expenses EQUITY 311 A. Bauer, Capital 312 A. Bauer, Drawing Subsidiary Ledgers Accounts Receivable Ledger 113.1 A. Bauer Prepare the transactions in the general journal on December 31. General Journal Instructions