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Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Prepare journal entries for the following transactions. Oct. 5 Sold merchandise on account to B. Farnsby
Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Prepare journal entries for the following transactions. Oct. 5 Sold merchandise on account to B. Farnsby for $330 plus sales tax of 4%. 8 Sold merchandise on account to F. Preetee for $220 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 11 F. Preetee retumed merchandise purchased on October 8 for $60 plus sales tax for credit. 17 F. Preetee paid the balance due on her account. 18 B. Farnsby returned merchandise purchased on October 5 for $70 plus sales tax for credit. 20 B. Farnsby paid the balance due on his account. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Page: 1 DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- Oct. 5 2 3 4 5 Oct. 8 6 7 B 1 2 3 9 10 Oct. 11 9 10 11 11 12 12 13 Oct. 17 13 14 14 15 15 16 16 17 Oct. 18 17 18 18 19 19 20 20 21 Oct. 20 21 22 22
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