Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10. 4 out of 4.00 points Problem Z f Recording credit sales and posting from the sales journal LO 7-1 7-2 Best Applian:es is
10. 4 out of 4.00 points Problem Z f Recording credit sales and posting from the sales journal LO 7-1 7-2 Best Applian:es is a retail store that sells household appliances Merchrtise sales are subject to sn 8 percent ssles ta_k The limn's credit sales for duly are listed bslmv. slang with the general ledger accunts used to record these sales The balance shown for Accounts Receivable is for the beginning of the DATE July I II 17 23 27 28 31 TRANSACTIONS Sold s dishwasher to Perry Martin; issued Sales Slip SOI for S', ISO plus sales tax of $92 Sold s washer to Cindy Han; gust Sales Slip SOZ for S2,42S plus sales tax of S194. Sc4d s high-definition television set to Richard Slocomb; issued Sales Slip S03 for 52,800 plus sslss tax of $208. Sold an electric dryer to Mary Schneider; issued Sales Slip for SI,27S plus sales tax of Sold s trash compactor to Veronica Velazquez; issued Sales Slip SOS for plus sales tax of Sold s color television set to Jeff Sudd; issued Sales Slip SCE for SI 725 plus sales tax of 5138 Sold sn electric rarge to Michelle Ly; issued Sales Slip S07 for $1, 4SO plus sales tax of SI 16. Sold s double wen to Phil Long; issued Sales Slip SCE for S82S plus sales tec of SSD GENERAL LEDGER ACCOUNTS III Accounts Receivable, 524,500 Dr. 221 sales Tax Payable 2 & 3. Prepare sales journal to record the above transactions. SALES JOURNAL Sales Slip No Sales Tax Payable Credit July I July 8 July II July 17 July 23 July 27 July 29 July 31 July 31 Customers Name perry Martin Cindy Han Richard Slocomb I Mary Schneider Veronic Velazquez Jeff Sudd Michelle Ly Phil Long Totals A ccounts Receivable [E bit 1,242 2,819 13, 122 Sales Credit 1,150 2,42S 2,800 12, Iso
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started