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Journal entry For June 26 What account is credited and debited? June 26 Accessory items were sold on account to customer Christine Nelson. All accessory
Journal entry For June 26
What account is credited and debited?
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 |
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