Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bradley's Appliance Store had the following transactions during the month of May 20X1. May 5 Sold a refrigerator to Mary Wilson that had a
Bradley's Appliance Store had the following transactions during the month of May 20X1. May 5 Sold a refrigerator to Mary Wilson that had a retail price of $640. Sales tax of $32.00 was also charged. 6 8 15 20 Sold a freezer to Sam Lee. Issued sales slip for $890 plus sales tax of $44.50. Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $115.50, Which includes $5.50 of sales tax. Sold a television to Jill Hanna. Issued sales slip for $340 plus sales tax of $17.00. Sold two ovens, to Steve Ferguson. Issued sales slip for $170 plus sales tax of $8.50. 25 Accepted a return of a defective oven from Steve Ferguson. The oven was originally sold on May 20. Issued credit memorandum for $89.25, which included sales tax of $4.25 Prepare journal entries to record the above transactions. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 Sold a refrigerator to Mary Wilson that had a retail price of $640. Sales tax of $32.00 was also charged. Note: Enter debits before credits Date May 5, 20X1 General Journal Debit Credit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started