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Consider the following transactions of Oyster Software: Mar. 31 Recorded cash sales of $210,000, plus sales tax of 4% collected for the state of New
Consider the following transactions of Oyster Software: Mar. 31 Recorded cash sales of $210,000, plus sales tax of 4% collected for the state of New Jersey. Apr. 6 Sent March sales tax to the state. Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 31: Recorded cash sales of $210,000, plus sales tax of 4% collected for the state of New Jersey. (Prepare a single compound entry for this transaction.) Date Accounts and Explanation Debit Credit Mar. 31 Consider the following note payable transactions of Cadek Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Credit Aug. 1, 2017: Purchased equipment costing $22,000 by issuing a one-year, 6% note payable. Date Accounts and Explanation Debit 2017 Aug. 1 Trevor Publishing completed the following transactions during 2018: (Click the icon to view the transactions.) Journalize the transactions (explanations are not required). Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Oct. 1: Sold a six-month subscription (starting on November 1), collecting cash of $390, plus sales tax of 4%. (Prepare a single compound entry for this transaction.) Date Accounts and Explanation Debit Credit Oct. 1
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