am Fall 2018 Help Save &Exit Subm Superior Applilances is a retall store that sells household appliances. Merchandise sales are subject to an 8 percent sales tax. The firm's credit sales for July are listed below, along with the general ledger accounts used to recordt Accounts Receivable is for the beginning of the month. ese sales. The balance shown for DATE TRANSACTIONS July 1 Sold a dishwasher to John Martinez issued Sales Slip se1 for $1,eee plus 6 Sold a washer to Helen Thai; issued Sales Slip se2 for $2,275 plus sales tax 11 sold a high-definition television set to Richard Jones: issued Sales Slip se3 17 Sold an electric ryer to Hary Schneider; issued Sales Slip 504 for $1,125 23 Sold a trash compactor to Victoria Caranello: issued Sales S1ip se5 for $750 27 sold a home entertainment system to Jeff Budd; issued Sales Slip S06 for 29 sold an electric range to Mchelle Lys issued sales Slip 587 for $1,300 plus 31 Sold a double oven to Peter Mcvay: issued Sales s1ip ses for $475 plus sales sales tax of $88 of $182. for $2,458 plus sales tax of $196. plus sales tax of $98. plus sales tax of $60. $1,575 plus sales tax of $126 sales tax of $104 tax of $38 9:34 GENERAL LEDGER ACCOUNTS 111 Accounts Receivable, $31,5e0 Dr. 231 Sales Tax Payable 401 sales Required: 1. Open the general ledger accounts and enter the balance of Accounts Receivable for July 1, 2019 2. Record the transactions in a sales journal. 3. Total, prove, and rule the sales journal as of July 31 Prex 1 of 25 Next > e to search by entering your answers in the tabs below Sales Jourmal Ledger Accounts Analze Post the opening balances and column totals from the sales journal into the appropriate general ledger accounts for July nts iva nt No: 111 Bala ax Account No: 231 Dete Credit Date Debit Credit Balance July 01, 2019 Sales Account No: 401 Credit Date Debit Balance e/wl() , arch Required: 1 Open the general ledger accounts and enter the balance of Accouns Receivable for July 1.2019 2 Record the transactions in a sales journal. 3. Total. prove, and rule the sales journal as of July 31. 4 Post the column totals from the sales journal to the proper general ledger accounts Analyze: What percentage of credit sales were for entertainment items? Complete this question by entering your answers in the tabs below. Ledger Sales bournal Accounts What percentage of credit sales were for entertainment items? (Round your answer to 2 decimal places.) redit sales for entertainment items Analyze KLedger Accounts 1 of 25 Next>
