Exceptional Electronics began operations September $1,20$X$1.$ The firm sells its merchandise for cash and on open account. Sales are subject to a $7$ percent sales tax. The terms for all sales on credit are net $30.$ During September, Exceptional Electronics engaged in the following transactions:

DATE TRANSACTIONS

September $1,20$X$1$ Sold a high$-$definition television set on credit to Candy Cho; issued Sales Slip $101$ for $$3,300$ plus sales tax of $$231.$

September $3,20$X$1$ Sold stereo equipment on credit to Jim Peterson; issued Sales Slip $102$ for $$900$ plus sales tax of $$63.$

September $7,20$X$1$ Sold a microwave oven on credit to Bridgette Huffman; issued Sales Slip $103$ for $$300$ plus sales tax of $$21.$

September $12,201$

September $15,201$ Accepted return of defective stereo equipment from Jim Peterson; issued Credit Memorandum $101$ for $$200$ plus sales tax of $$14.$ The stereo equipment was sold on September $3.$

September $15,20$X$1$ Recorded cash sales for the period from September $1$ to September $15$ of $$8,900$ plus sales tax of $$623.$

September $16,20$X$1$ Sold a gas dryer on credit to Kathy Sundstrand; issued Sales Slip $104$ for $$600$ plus sales tax of $$42.$

September $17,201$ Sold a home entertainment system on credit to Mark Navalta; issued Sales Slip $105$ for $$2,300$ plus sales tax of $$161.$

September $18,20$X$1$ Received $$790$ from Candy Cho on account.

September $20,20$X$1$ Received payment in full from Jim Peterson for the sale of September $3,$ less the return of September $12.$

September $25,201$ Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on September $17,$ Sales Slip $105$; issued Credit Memorandum $102$ for $$200$ plus sales tax of $$14.$

September $27,20$X$1$ Received payment in full from Bridgette Huffman for the sale of September $7.$

September $29,20$X$1$ Sold a dishwasher on credit to Mark Navalta; issued Sales Slip $106$ for $$400$ plus sales tax, of $$28.$

September $30,201$ Recorded cash sales for the period from September $16$ to September $30$ of $$12,000$ plus sales tax of $$840.$

Required:

Record the transactions in a general journal.

Analyze:

What portion of the net sales during September were for entertainment items? None of the cash sales included entertainment items.

Complete this question by entering your answers in the tabs below.

General

Journal

Record the transactions in a general journal.

Journal entry worksheet