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PROBLEM 7.3 A RECORDING TRANSACTIONS, POSTING TO THE ACCOUNTS RECEIVABLE LEDGER, AND PREPARING A SCHEDULE OF ACCOUNTS RECEIVABLE, LO 7-1,7-1, 7-3, 7-4, 7-6 THE ELEGANT

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PROBLEM 7.3 A RECORDING TRANSACTIONS, POSTING TO THE ACCOUNTS RECEIVABLE LEDGER, AND PREPARING A SCHEDULE OF ACCOUNTS RECEIVABLE, LO 7-1,7-1, 7-3, 7-4, 7-6

THE ELEGANT TABLE SELLS CHINA, GLASSWARE, AND OTHER GIFTS ITEMS THAT ARE SUBJECT TO AN 8 PERCENT SALES TAX. THE TRANSACTIONS SHOWN BELOW TOOK PLACE DURING NOVEMBER 2016.

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\fSlip 1001 for $1.750 plus $140531 lax. ' rsdn; issUed Sales Slip 1002 for $2,850 plus $188 sales, min; issued Sales Slip was for $950 plus $76 sales lax. We to Dorcll'ly was: issued Sales Slip 1005 for $800 plus $54 sales tax. an. allowance because of a broken glass discovered when unpacking the g ' sold an November 10, Sales Slip 1004; issued Credit Memorandum 102 [names sales lax of $12. in eress Yu; imed Sales Slip 1006 for $3,450 plus $276 sales tax. .leeepoons to Henry Okefor; issued Sales Slip li007 for $850 plus $68 sales lm for scratches on her coffee table sold on November 21, Sales Slip w _. Memorandum 103 for $378, which includes $28 in sales tax. Emanuele imued Sales Slip 1008 for $4,050 plus $324 sales lax

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