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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

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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 choi 1ssued soles 511p101 for $2,760 plus sales tax of s1s9. 3 Sold stereo equipment on eredit to Jim Petersonj issued soles slip 102 for 5909 plus soles tox of 563. 7 Sold a microurve oven on credit to Bridgette Huffaan; issued sales $11p103 for $300 plus sales tax of $21. 12 Aecepted return of defectfve stereo equiphent froe Jim Peterson; fssued Credit Menorandum 191 for $100 plus sales tax of 57. The stereo equipment was sold on September 3. 15 Recorded cash sales for the perfod from September 1 to september 15 of 59,509 plus sales tax of 5655 . 16 Sold a gas dryer on credit to Kathy sundstrand; issued soles siip 104 for $660 plus sales tax of 542. 17 Sold a home entertalneent system on credit to Mark Mavalta; Issued sales slip 1e5 for $1, 790 plus sales tax of s119. 18 Received 5730 from Candy Cho on account. 20 Received paynent in full from Jin Peterson for the sale of septeaber 3 , less the returh of septeaber 12. 25 Gave Mark Navalta an allowance because of seratches on his home entertainment system sold on septeaber 17 , sales sifp 105; Issued Credit Menorandum 102 for $200 plus sales tax of $14. 27 Received payeent in full froe Bridgette Huffan for the sale of September 7. 29 Sold a dishibsher on credit to Mark Navalta; fssued sales s1ip 106 for g40e plus sales tax of 326. 30 Recorded cash sales for the period from September 16 to september 30 of $11,400 plus sales tax of $798. Required: Record the transactions in a general journal, Anslyze: What portion of the net sales during September were for entertainment items? Sold a high-definition television set on credit to Candy Cho; issued Sales Sisp 101 for $2,700 plus sales tax of s189. Note: Enter debiss before credss. Rarolvad e7an from randu rhan arconint. Sold stereo equipment on credit to Jm Petersony lssued Sales Slip 102 for Received payment in full from Jim Peterson for the sale of September 3, less $900 plus sales tax of $63. the return of September 12

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