Exercise 7.3 Recording sales made for cash and on account, with 8 percent sales tax. LO 7-1 The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 percent sales tax on all sales: DATE TRANSACTIONS 2019 May 1 Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,750 plus 8 percent sales tax, terms n/3e. 15 Recorded cash sales, $4,300 plus 8 percent sales tax 31 Received payment on account due from Bil1 Gomez for the sale on May 1 View transaction list Journal entry worksheet 2 3 Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,750 plus 8 percent sales tax, terms n/30 Note: Enter debits before credits Date General Journal DebitCredit May 01. 2019 Accounts receivable/Bill Gomez Clear entry View general journal Record entry Journal entry worksheet 1 2 3 Recorded cash sales, $4,300 plus 8 percent sales tax. Note: Enter debits before credits. Date General Journal Debit Credit May 15, 2019 Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 Received payment on account due from Bill Gomez for the sale on May 1. Note: Enter debits before credits. Date General Journal Debit Credit May 31, 2019 Record entry Clear entry View general journal