Question
Need help journalizing this: June 6 Completed service and installation work on a customer jet ski personal watercraft and the customer paid cash for the
Need help journalizing this: June 6 Completed service and installation work on a customer jet ski personal watercraft and the customer paid cash for the work completed. Sales invoice number G4013 lists $156.00 for 2.4 hours of labor, $421.40 for accessories, and 8% sales tax on the total (labor and accessories). Round all sales tax calculations to the nearest cent (Example: $46.192 = $46.19 sales tax). Merchandise listed on the sales invoice: Stock Item Number C0400 STAINLESS IMP. 1100 KW003 NOZZEL EXTENSION Quantity Net Cost Per Unit 1 $88.20 1 $122.50 The stainless impeller being sold for $176.40 cost the business $88.20. The nozzel extension cost $122.50 and is being sold for $245.00. ALL accessories carry a 50% "normal" markup on selling price (100% markup on net cost)
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