Exceptional Electronics began operations September 1, 20X1. 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

20X1

Sept. 1 Sold a high-definition television set on credit to Candy Cho; issued Sales Slip 101 for $3,400 plus sales tax of $238.

3 Sold stereo equipment on credit to Jim Peterson; issued Sales Slip 102 for $800 plus sales tax of $56.

7 Sold a microwave oven on credit to Bridgette Huffman; issued Sales Slip 103 for $400 plus sales tax of $28.

12 Accepted return of defective stereo equipment from Jim Peterson; issued Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment was sold on September 3.

15 Recorded cash sales for the period from September 1 to September 15 of $8,800 plus sales tax of $616.

16 Sold a gas dryer on credit to Kathy Sundstrand; issued Sales Slip 104 for $700 plus sales tax of $49.

17 Sold a home entertainment system on credit to Mark Navalta; issued Sales Slip 105 for $2,400 plus sales tax of $168.

18 Received $800 from Candy Cho on account.

20 Received payment in full 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 entertainment system sold on September 17, Sales Slip 105; issued Credit Memorandum 102 for $300 plus sales tax of $21

27 Received payment in full from Bridgette Huffman for the sale of September 7.

29 Sold a dishwasher on credit to Mark Navalta; issued Sales Slip 106 for $500 plus sales tax of $35.

30 Recorded cash sales for the period from September 16 to September 30 of $12,100 plus sales tax of $847.

GENERAL LEDGER ACCOUNTS

101 Cash 401 Sales

111 Accounts Receivable 421 Sales Returns and Allowances

221 Sales Tax Payable

ACCOUNTS RECEIVABLE LEDGER ACCOUNTS

Candy Cho Jim Peterson

Bridgette Huffman Kathy Sundstrand

Mark Navalta

Required:

Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledger.

Prepare a schedule of accounts receivable.

Analyze:

What is the amount of sales tax owed at September 30, 20X1?

Ch? Help Save 5 E Submit Check my work 4.28 points ebook Exceptional Electronics began operations September 1, 20X1. The firm sells its merchandise for cash and on open account Sales are subject to a 7 percent sales tox. The terms for all sales on credit are net 30. During September. Exceptional Electronics engaged in the following transactions. DATE TRANSACTIONS 20x1 Sept. 1 Sold a high-definition television set on credit to Candy Cho: issued Sales Slip 181 for $3,400 plus sales tax of $238. 3 Sold stereo equipant on credit to Jin Peterson issued Sales Slip 102 for $800 plus sales tax of 156. 7 Sold a microwave oven on credit to Bridgette Huffmans issued Sales sup 103 for $400 plus sales tax of $28. 12 Accepted return of defective stereo equipment from Jin Peterson; issued Credit Memorandun 101 for $100 plus Sales tax of 57. The stereo equipment was sold on September 3. 15 Recorded cash sales for the period from September 1 to September 15 of $8,000 plus sales tax of $616. 16 Sold gas dryer on credit to Kathy Sundstrands issued Sales Slip 104 for $700 plus sales tax of 549. 17 Sold a home entertainment syster on credit to Mark Navalta: issued Sales Slip 105 for $2.400 plus sales tax of $168. 18 Received $800 fron Candy Cho on account. 20 Received payment in full fron Din Peterson for the sale of September. less the return of September 12. 25 Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on Septenber 17, Sales Slip 105; issued Credit Memorandum 102 for $300 plus sales tax of $21 27 Received payment in full from Bridgette Huffon for the sale of September 7. 29 Sold a dishwasher on credit to Mark Navaltai issued Sales Slip 106 for $500 plus sales tax of $35. 30 Recorded cash sales for the period from September 16. to September 30 of $12,100 us sales tax of $847. GENERAL LEDGER ACCOUNTS ASK References 101 Cash 111 Accounts Receivable 221 Sales Tax Payable 401 Sales 421 Sales Returns and Allowances ACCOUNTS RECEIVABLE LEDGER ACCOUNTS Candy Cho Jin Peterson Bridgette Huffnan Kathy Sundstrand Mark Navalta Required: 2. Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledger 3. Prepare a schedule of accounts receivable. Ch 7 HW Svet Help Save & Eet Submit Check my work 6 Analyzed What is the amount of sales tax owed at September 30, 20X!? Complete this question by entering your answers in the tabs below. 428 General Schedule of Ledgers Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts recewable ledger GENERAL LEDGER Cash ACON 101 Accounts Receivable Acc No. 111 Date Det Credit Balance Debit Credit Balance ME Ch 7 HW Help Save & Eat Submit Check my work 6 Sales Sales Tax Payable Debit Account Ny, 221 Cor Account 101 Ced Balance Date Dehli 428 Bates and Alice Det Account N 421 Ced lance Candy Che ACCOUNTS RECEIVABLE SUR DAY LEDER geti Hiner Candi Date Oube De Credit Balance Ch 7 HW 0 Se Help Save & Ext Submit Check my work 6 4.28 Gard, In Date ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Brigette Huffman Credit Dale Debit Dett Balance Credit Balanta Mall Navalta Am Peterson Beb Credit Deb Crede Kathy Bundland Date De Credit Schedule of AR > Ch 7 HW Help Submit Check my work 6 2. Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledger 3. Prepare a schedule of accounts receivable 4.28 Analyze : What is the amount of sales tax owed at September 30, 2017 Complete this question by entering your answers in the tabs below. General Schedule of Ledgers AR Analyse Prepare a schedule of accounts receivable EXCEPTIONAL ELECTRONICS Behel of Accounts Receivable September 30, 20X1 Candy Che Bridge Human Mark Navata Jos Peterson Katly undrand Total 0 (General Ledger Analyes >