Journal entry For June 25-26

What account is credited and debited?

June 25 A Kawasaki Jet Ski Personal Watercraft and a Starlight trailer were sold at an out-the-door price of $9,099.00 (including sales tax of $674.00). The customer paid using a Bank Credit Card. (Divide the OTD price by 1.08)

Merchandise listed on the sales invoice:

Stock Number	Item	Quantity	Net Cost Per Unit
AS888	JET SKI 800 SS	1	$4,760.00
AL900	STARLIGHT QUAD	1	$1,980.00

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June 25 A certified check was received from customer Charles Grubonski as payment in full of the balance of his past-due account. A partial payment was received from Mr. Grubonski on June 16.

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June 26 Accessory items were sold on account to customer Christine Nelson. All accessory items carry a markup of 100% on cost (50% on selling price). Calculate the total selling price and be sure to include the 8% sales tax (rounded to the nearest cent if necessary).

Merchandise listed on the sales invoice:

Stock Number	Item	Quantity	Net Cost Per Unit
KW001	JS BATTERY	3	$29.40
C0300	STAINLESS IMP. 900	2	$78.40