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Prepare a general journal Prepare joumal entries for the following transactions. Oct. 5 Sold merchandise on account to B. Famsby for $280 plus sales tax

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Prepare joumal entries for the following transactions. Oct. 5 Sold merchandise on account to B. Famsby for $280 plus sales tax of 4%. 8 Sold merchandise on account to F. Preetee for $190 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 11 F. Preetee returned merchandise purchased on October 8 for $30 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 $60 plus sales tax for credit. 20 B. Farnsby paid the balance due on his account. Required: Prepare joumal entries

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