Journalizing Sales, Sales Returns and Allowances, and Cash Receipts

Prepare journal entries for the following transactions.

Aug. 4Sold merchandise on account to S. Miller for $360 plus sales tax of 4%, with 2/10, n/30 cash discount terms.

6Sold merchandise on account to K. Krtek for $230 plus sales tax of 4%.

10S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit.

13S. Miller paid the balance due on her account.

15K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit.

20K. Krtek paid the balance due on his account.