Question
Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $320 plus sales tax of 4%, with 2/10,
Prepare journal entries for the following transactions.
Aug. 4 | Sold merchandise on account to S. Miller for $320 plus sales tax of 4%, with 2/10, n/30 cash discount terms. |
6 | Sold merchandise on account to K. Krtek for $210 plus sales tax of 4%. |
10 | S. Miller returned merchandise purchased on August 4 for $20 plus sales tax for credit. |
13 | S. Miller paid the balance due on her account. |
15 | K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit. |
20 | K. Krtek paid the balance due on his account. |
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
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