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Problem 3 12.5 points Enter the following transactions in the appropriate journal. Journals are provided below February 5 Sold merchandise on account to D. Frank,
Problem 3 12.5 points Enter the following transactions in the appropriate journal. Journals are provided below February 5 Sold merchandise on account to D. Frank, $2,000, plus 6% sales tax. Sale No. 100 10 K. Silver made $750 payment on account. 13 Issued credit memo to D. Frank, $80, plus 6% sales tax. 18 Cash sales for the week were $3,000, plus 6% sales tax. 21 Sold merchandise on account to B. Cooper, $1,500, plus 6% sales tax. Sale No. 101 25 Received a loan from the bank in the amount of $10,000 Complete your work below using the format provided. GENERAL JOURNAL POST REF DATE DESCRIPTION DEBIT CREDIT SALES JOURNAL Accounts Sales Tax Payabl POST Receivable DATE Sale No To Whom Sold REF Debit Sales CreditCredit Date CASH RECEIPTS JOURNAL POST REF General Credit Accounts Receivable Credit Sales Ta:x Payable Credit Credit Sales DATE Account Credited Cash Debit Date
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