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Prepare journal entries for the following transactions. Journalizing Sales, Sales Returns and Allowances, and Cash Receipt Aug. 4 Sold merchandise on account to s. Miller
Prepare journal entries for the following transactions.
Journalizing Sales, Sales Returns and Allowances, and Cash Receipt Aug. 4 Sold merchandise on account to s. Miller for $330 plus sales tax of 4%, with 2/ 10. n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $160 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. answers to two decimal places. If an amount box does not require an entry, leave it blank Page:1 1. Prepare journal entries for the following Doc POST DERIT CREIT DATE ACCOUNT TITLE NO. REF 120-Aug4 Accounts Payable/S Miller 330 1 Sales Sales Tax Payable 13.303 5 Aug. 6 10 10 12 13 Aup 13 14 15 12 13 14 15 16 BE 17 Aug 15 18 19 20 23 Step by Step Solution
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