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I need help with this accounting question , thank you The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement
I need help with this accounting question , thank you
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 2a19 May I 15 31 TRANSACTIONS Sold merchandise on account to Bill Gomez; issued Sales Slip I15 for $1, 150 plus 8 percent sales tax, terms n/ 313. Recorded cash sales, $3 , Iaa plus 8 percent sales tax. Received payment on account due from Bill Gomez for the sale on may I. View trmsaction list Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1, 150 plus 8 percent sales tax, terms n/30. Recorded cash sales, $3,100 plus 8 percent sales tax. Received payment on account due from Bill Gomez for the sale on May 1. r $1,150
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