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DATE TRANSACTIONS February 1 , 2 0 X 1 Sold crystal goods to Beautiful Kitchens, a wholesale customer. The list price is $ 4 ,

DATE TRANSACTIONS
February 1,20X1 Sold crystal goods to Beautiful Kitchens, a wholesale customer. The list price is $4,200, with a 20 percent trade
discount. This sale is not subject to sales tax. Issued Invoice 5950 with terms of n15.
February 15,20x1 Recorded cash sales for the period from February 1 to February 15 of $8,700 plus sales tax of $696.
February 15,20x1 Recorded sales for the period from February 1 to February 15 to customers using bank credit cards of $12,200 plus
sales tax of $976.(Record the 2 percent credit card expense at this time.)
February 16,20x1 Received a check from Beautiful Kitchens in payment of Invoice 5950 dated February 1.
February 16,20x1 Sold merchandise to customers using American Express for $8,200 plus sales tax of $656.
February 17,20X1 Sold a set of marble statues to Lovely Bedrooms, a wholesale customer. The list price is $8,200, with a 25 percent
trade discount. This sale is not subject to sales tax. Issued Invoice 5951 with terms of n15.
February 20,20x1 Received payment from American Express for the amount billed on February 16, less a 3 percent credit card expense.
February 27,20X1 Received a check from Lovely Bedrooms in payment of Invoice 5951 dated February 17.
February 28,20X1 Recorded cash sales for the period from February 16 to February 28 of $7,350 plus sales tax of $588.
February 28,20X1 Recorded sales for the period from February 16 to February 28 to customers using bank credit cards of $20,000 plus
sales tax of $1,600.(Record the 2 percent credit card expense at this time.)
February 28,20X1 Sold merchandise to customers using American Express for $9,400 plus sales tax of $752.
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