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Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $370 plus sales tax of 4%, with 2/10,n/30
Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $370 plus sales tax of 4%, with 2/10,n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $200 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $30 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 $50 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. Page: 1 Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $370 plus sales tax of 4%, with 2/10,n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $200 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $30 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 $50 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. Page: 1
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