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 TRANSACTIONS DATE 20X1 Sept. 1 3 7 12 15 16 17 Sold a high-definition television set on credit to Candy Choj Lanud Sales Slip 101 for $2,100 plus sales tax of $189. Sold stereo equipoent on credit to Jis Peterson, issued Sales Slip 102 for $900 plus sales tax of 163. Sold a microwave oven on eredit to Bridgette Huffman: Insued Bales slip 10) for $300 plus sales tax of $21. Accepted return of defective stereo equipment from Jin Peterson) Lssued Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment was sold on September 3. Recorded cash sales for the period from September 1 to September 15 of $9,500 plus sales tax of $665. sold a gas dryer on credit to Kathy Sundatrand) issued sales slip 104 for $100 plus sales tax of $42. Sold a home entertainment system on credit to Mark Navaltay inued sales slip 105 for $1.700 plus sales tax of $119. Received $730 from Candy Cho on account: Received payment in full from Jim Paterson for the sale of September 3, leck the return of September 12. 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 Received ayment in full from Bridgette Huffman for the sale of September 7. Sold a dishwasher on credit to Mark Navalta; ferued Sales Slip 106 for $400 plus sales tax of $20. Recorded cash sales for the period from September 16 to September 30 of 911,400 plus sales tax of $798. 18 20 25 29 30 GENERAL LEDGER ACCOUNTS Sales 421 Sales Returns and Allowances 101 Cash 111 Accounts Receivable 221 Sales Tax Payable ACCOUNTS RECEIVABLE LEDGER ACCOUNTS Cay Cho Jin Peterson Tahu Sunda tand tihti trom beidgette Hoffman for the sale of September 25 Sold a dishwasher on credit to Mark Navaltar issued sales slip 106 for $400 plus sales tax of $20. 10 Recorded cash sales for the period from September 16 to September 30 of $1,400 plus sales tax of 379. GENERAL LEDGER ACCOUNTS 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 luftuan 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. Analyze: What is the amount of sales tax owed at September 30, 20X1? Complete this question by entering your answers in the tabs below. General Ledgers Schedule of AR Analyze te accounts in the general ledger and in the accounts receivable ledger Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledger 13 Cash GENERAL LEDGER Account No: 101 Accounts Receivable Credit Balance Data Dobit Account No 111 Cred Bance Date Dabli ales Tax Paywe Debit Account No. 221 Credit Balance Acre 401 Cent One Debit chudo 3 aules Tas Parable bale Account No. 221 Cra Balance Debat Date estance Cred 3 133 Atce No. 1 Cro Dance Deti 3 Candy Cha Dute ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Bridgette Human Balance Date Debit Den Credit Jim Peterson Date Debit Balance Det Credit Balance Kathy Bunun Dube Credit Balance Schedule of AR > General Schedule of Ledgers Analyze Schide of AR Prepare a schedule of accounts receivable EXCEPTIONAL ELECTRONICS Schedule of Accounts Receivable September 30, 20X1 Carody Cho Bridgette Huffman Mark Naviata Jim Peterson Kathy Sundstrand Total General Schedule of Ledgers Analyze Schide of AR Prepare a schedule of accounts receivable EXCEPTIONAL ELECTRONICS Schedule of Accounts Receivable September 30, 20X1 Carody Cho Bridgette Huffman Mark Naviata Jim Peterson Kathy Sundstrand Total
