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How would you complete this exercise? Sold a backpack, an air mattress, and other items to vaessd Cliell, issueu Sales Slip 1102 for $450 plus
How would you complete this exercise?
Sold a backpack, an air mattress, and other items to vaessd Cliell, issueu Sales Slip 1102 for $450 plus sales tax of $36. Sold a lantern, cooking utensils, and other items to Jim Salazar, issued Sales Slip 1103 for $375 plus sales tax of $30. Recording sales returns and ailowances Record the general journal entries for the following transactions of Linens and Things that occurred in July. Use 15 as the page number for the general journal. Exercise 7.4 Objective 7-2 DATE TRANSACTIONS July5 Accepted a return of damaged merchandise from Terri McDonald, a credit customer, issued Credit Memorandum 301 for $837, which includes sales tax of $62; the original sale was made on Sales Slip 1610 of June 30 Gave an allowance to Robert Lynch, a credit customer, for merchandise that was slightly damaged but usable: issued Credit Memorandum 302 for $1,026, which includes sales tax of $76; the original sale was made on Sales Slip 1663 of July 17. 21 
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