record the following journal entries

and at the shop and will be charged an 8.25% sales tax. Ms. Boone will allow major customers to charge their purchases on account and then pay later. Sold balloon arch to UTEP for homecoming on account for $4,000. The cost of the balloons is $1,700. The cost of the helium is $500. UTEP does not have to pay sales tax on the purchase. Purchased $300 of string (used in making the arrangements) on account. This is to be treated as prepaid supplies. Purchased additional balloons from Balloon Blast on account, for $7,500. Credit terms were 2/10, n/30. 14. 9/18/18 15. 9/18/18 16. 9/18/18 7. | 9/19/18 1 | Deposit #3 | Recorded cash sales for the first five days of operation. Sales totaled $6000 and the sales tax collected totaled $495. A total of $6,495 was deposited in the bank. The cost of merchandise sold was $4,200. (Balloons were $3,900 and helium was $300) 18. 9/20/18 | Received and paid the $300 invoice for supplies, string, purchased ck #1007 on 9/18/18. | ck #1008 19. | 9/22/18 20. 9/22/18 l paid the invoice from Hector's Helium from 9/18/18. Ordered $700 of helium on account