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DATE TRANSACTIONS 20X1 Feb. 1 Sold crystal goods to Lovely Kitchens, a wholesale customer. The list price is $4,400, with a 30 percent trade discount.

DATE TRANSACTIONS
20X1
Feb.
1 Sold crystal goods to Lovely Kitchens, a wholesale customer. The list price is $4,400, with a 30 percent trade discount. This sale is not subject to sales tax. Issued Invoice 5950 with terms of n/15.
15 Recorded cash sales for the period from February 1 to February 15 of $8,900 plus sales tax of $712.
15 Recorded sales for the period from February 1 to February 15 to customers using bank credit cards of $12,400 plus sales tax of $992. (Record the 2 percent credit card expense at this time.)
16 Received a check from Lovely Kitchens in payment of Invoice 5950 dated February 1.
16 Sold merchandise to customers using American Express for $8,400 plus sales tax of $672.
17 Sold a set of Roman statues to Beautiful Bedrooms, a wholesale customer. The list price is $8,400, with a 20 percent trade discount. This sale is not subject to sales tax. Issued Invoice 5951 with terms of n/15.
20 Received payment from American Express for the amount billed on February 16, less a 3 percent credit card expense.
27 Received a check from Beautiful Bedrooms in payment of Invoice 5951 dated February 17.
28 Recorded cash sales for the period from February 16 to February 28 of $7,450 plus sales tax of $596.
28 Recorded sales for the period from February 16 to February 28 to customers using bank credit cards of $15,000 plus sales tax of $1,200. (Record the 2 percent credit card expense at this time.)
28 Sold merchandise to customers using American Express for $9,600 plus sales tax of $768.
2. Record the transactions in a general journal.
3. Post the entries from the general journal to the appropriate accounts in the general ledger.

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