Question
I am having troule learning how to record transactions with sales taxes. Context: Jakes Jellies Corp had the following Transactions in September. All sales and
I am having troule learning how to record transactions with sales taxes.
Context:
Jakes Jellies Corp had the following Transactions in September. All sales and purchases at stated pre HST at 13%.HST must be applied to all.
Record the following transactions in either the sales, cash receipts or purchases journal.
Sept. 02 Purchased $130.00 of inventory on account from Rocky
Sept. 04 Sold $100.00 of product to Jim on Account
Sept. 06 Sold $420.00 for cash
Sept. 07 Sold $340.00 of product to Karen on Account
Sept. 09 Sold $80.00 of product to Kelly on Account
Sept. 12 Purchased $90.00 of inventory from Flash G.On Account
Sept. 15 Collected 180.80 cash from Karen
Sept. 20 Sold $250.00 of product to William on Account
Sept. 25 Made cash sales of 620.00
Seot, 26 Purchased $200.00 of inventory from Scotty, on Account
Each Journal is set up as a table: The photos of those tables have been attatched:
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