June 26

Sold accessory items on account to customer Chris Nelson, (invoice G4023). 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 $78.4

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June 28

To fill a ski club special order, Granite Bay Jet Ski purchased, on credit, four additional personal watercraft trailers from Starlight Sports. The invoice list price is $2,000.00 each for the trailers. Credit terms of 1/10, n/30 are offered by Starlight Sports and the total net purchase price (invoice S3488) is $7,920. This order has been shipped FOB destination.

Merchandise listed on the sales invoice:

Stock Number Item Quantity Net Cost Per Unit

AL900 STARLIGHT QUAD 4 $_______

Calculate the net cost per unit and compare your answer to the amount listed by the program when the inventory data is entered.

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June 28

Through a telephone order, sold two Jet Craft III personal watercraft at an out-the-door selling price of $14,701.50 (includes sales tax of $1,089.00. The customer, Bridge Marina at Lake Oroville, paid for the watercraft with a Western National Credit Card. The sales invoice number is G4025.

Merchandise listed on the sales invoice:

Stock Number Item Quantity Net Cost Per Unit

AA003 JET CRAFT III 2 $5,445.00

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June 30

Sold all 1,000 shares of the PKL Corporation common stock that has been held as a short-term investment. The selling price of the stock was 11 1/2, less a commission of $275.00. The original purchase price for these shares was $8,000.00. At the invoice prompt enter INVST for investment.

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June 30

Customer Chris Nelson returned one of the batteries which he purchased on credit June 26 for a retail price of $58.80 plus sales tax (sales invoice number G4023). The returned battery inventory stock number is KW001 and has a wholesale cost of $29.40. Issued credit memo number CM602, credited Mr. Nelsons account, and returned the item to inventory.