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Great Lakes Appliances is a retail store that sells household appliances Merchandise sales are subject to an 8 percent sales tax. The tirm's credit sales

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Great Lakes Appliances is a retail store that sells household appliances Merchandise sales are subject to an 8 percent sales tax. The tirm's credit sales for July are listed below. along with the general ledger accounts used to record these soles. The balance shown for Accounts Receivable is for the beginning of the month DATE TRANSACTIONS July 1 Sold a dishwasher to Jim Hernandez: issued Sales Slip 501 for $1.025 plus sales tax of $82 6 sold a washer to Helen Thais issued Sales Slip 502 for $2.300 plus sales tax of $184 11 Sold a high definition television set to Rich Jan 1ssued Sales Slip 503 for $2,475 plus sales tax of $100 17 Sold an electric dryer to Mary Schneider, issued Sales Slip 504 for $1.150 plus sales tax of $92 2a Sold a trash compactor to Vickie Colombo: issued Sales Slip 505 for 5775 plus sales tax of $62. 27 Sold a home entertainment system to Jeff Budd: issued Sales Slip 506 for $1,600 plus sales tax of $120. 29 Sold an electric range to Michelle Ly issued Sales Slap 507 for $1.325 plus sales tax of $100 31 Sold microwave oven to Pete Moloney issued Sales Slip soe for $500 plus salos tax of $40. GENERAL LEDGER ACCOUNTS 111 Accounts Receivable, $32,000 Dr 231 Sales Tax Payable 401 Sales Required: 1. Open the general ledger accounts and enter the balance of Accounts Receivable for July 1 2. Record the transactions in a soles journal 3. Total and prove the sales joumal as of July 31. 4. Post the column totals from the sales journal to the proper general ledger accounts Analyze: What percentage of credit sales was for entertainment items? Complete this question by entering your answers in the tabs below. Sales Journal Ledger Accounts Analyze Post the opening balances and column totals from the sales journal into the appropriate general ledger accounts for July 20x1. Account No: 111 Credit Balance Date Accounts Receivable Debit July 1, 20x1 12,042 Sales Tax Payable Date Debit Puly 31, 20X1 Account No: 231 Credit Balance 892 892 12042 Sales Debit Date July 31, 20X1 Account No: 401 Credit Balance 11150 11,150 Analyze: What percentage of credit sales was for entertainment items? Complete this question by entering your answers in the tabs below. Sales Journal Ledger Accounts Analyze What percentage of credit scles was for entertainment items? (Round your answer to 1 decimal place.) Credit sales for entertainment item %

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