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Exceptional Electronics began operations September 1, 2019. The firm sells its merchandise for cash and on open account. subject to a 7 percent sales tax.
Exceptional Electronics began operations September 1, 2019. The firm sells its merchandise for cash and on open account. subject to a 7 percent sales tax. During September, Exceptional Electronics engaged in the following transactions DATE TRANSACTIONS 2019 Sept. 1 Sold a high-definition television set on credit to Candy Cho; 3 Sold stereo equipment on credit to Jim Peterson issued Sales s1ip 7 Sold a microwave oven on credit to Bridgette Huffman: issued Sales issued Sales Slip 101 for $2,400 plus sales tax of $168. 102 for $900 plus sales tax of $63. Slip 103 for $200 plus sales tax of $14 12 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. 15 Recorded cash sales tor the period from september 1 to September 15 of $10,800 plus sales tax of $756 16 Sold a gas dryer on credit to Kathy Sundstrand: issued Sales s1ip 104 for $500 plus sales tax of $35 Sold a home entertainment system on sales slip 105 for $2,400 plus sales tax of $168. Received $700 from Candy Cho on account 17 credit to Mark Navalta; issued 18 20 Received payment in ful1 from Jim Peterson for the sale of September 3, less the return of September 12. 25 Gave Mark Navalta an allowance because of scratches on his home entertainnent system sold on September 17, sales siip 105: issued Credit Memorandum 102 for $200 plus sales tax of $14 27 Received payment in full from Bridgette Huffman for the sale of 29 Soid a dishwasher on eredit to Mark Navalta; issued Sales S1ip 106 30 Recorded cash sales for the period from September 16 to September September 7 for $600 plus sales tax ot $42 30 of $11,100 plus sales tax of $777 GENERAL LEDGER ACCOUNTS
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