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Journal Entry Help Completed 4.5 hours of service work ($58/hour) and sold customer Alex Wong a Quad Hauler trailer. The retail sale price for the
Journal Entry Help
Completed 4.5 hours of service work ($58/hour) and sold customer Alex Wong a Quad Hauler trailer. The retail sale price for the trailer is $1,485. The full amount due, including sales tax, is paid with a Bank Credit Card. The bank will chase a credit care fee which will be billed and recorded at the end of the month with the bank reconciliation.
Sales Tax is 7%
Net Cost Per Unit of the Quad Hauler trailer is #1,188
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