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Exceptional Electronics began operations September 1, 20X1. The firm sells its merchandise for cash and on open account Soles 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 Soles 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 201 Sept, 1 Sold a high-definition television set on credit to Candy Cho; issued Sales Slip 1e1 for $3,10e plus sales tax of 5217. 3 Sold stereo equipnent on credit to Jin Peterson: issued Sales 5lip 102 for 5890 plus sales tax of 556. 7 Sold a aicrowave oven on credit to Bridgette Hutfnan: issued Sales 5 ip 103 for 5300 plus sales tax of 12. Accepted return of defective stereo equipment fron J in Peterson; issued Credit Menorandun 101 for $1e plus sales tax of $7. The stereo equipnent was sold on Septenber 3. 15 Recorded cash sales for the period fron Septenber 1 to Septenber 15 of $9,120 plus sates tax of $637. 16. Sold a gas dryer on credit to Kathy Sundstrand: issued Sales slip 1e4 for s6ee plus sates tax of s42. 17 Sold a hone entertainnent systen on credit to Mark Navalta; issued sales slip 1es for s2, 1ee plus sales tax of 5147. 18 Received $770 fron Candy cho on account. 28 Received $770 iron Candy Cho on account. 25 Gave Mark Novalta an allowance because of scratches on his hote entertainnent systen sold on Septenber 17, Sales Slip 105; issued Credit Mesorandum 102 for $100 plus sales tax of $7. 27 Received payment in full from Bridgette Huffnan for the sale of Septenber 7. 27 Sold a dishwasher on credit to Mark Navalta: issued Sales stip 106 for s4co plus sales tax of s28. 30. Recorded cash sates for the period fron September 16 to Septeaber 30 of $11,860 plus sates tax of $826. GENERAL LEDGER ACCOUNTS ACCOUNTS RECEIVABLE LEDGER ACCOUNTS Candy Cho Jin Peterson aridgette Huffman Ksthy Sundstrand Mark Navalta 2. Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledgee Aequired: 3. Prepore 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. ounts 20 Received payment in full from 3 im less the return of Septeiber 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 $100 plus sales tax of $7 27. Received payment in full from Bridgette Huffman for the sale of september 29 Sold a dishwasher on credit to Mark Navalta; 1ssued Sales 5lip 106 for $460 plus sales tax of $28. 30 Recorded cash sales for the period from September 16 to September 36 of $11,800 plus sales tax of $826. GENERAL LEOGER ACCOUNTS Required: 2. Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts recetvabie ledger. 3. Prepare a schedule of accounts recelvable. Analyre: What is the amount of sales tax owed at September 30,201 ? Complete this question by entering your answers in the tabs below. Prepare a schedule of accounts recelvable. GENERAL LEDGER ACCOUNTS Required: 2. Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts recelvable ledger 3. Prepare a schedule of accounts recelvable. Analyre: What is the amount of sales tax owed at September 30,201 ? Complete this question by entering your answers in the tabs below. What is the amount of sales tax owed at September 30,201

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