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Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 7 percent sales tax on all sales. The company uses

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Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 7 percent sales tax on all sales. The company uses the perpetual inventory system. (Round your intermediate calculations and final answers to the nearest whole dollar value.) DATE 2019 April 2 Sold merchandise for cash, $2,520 plus sales tax. The cost of merchandise TRANSACTIONS sold was $1,520. 3 The customer purchasing merchandise for cash on April 2 returned $260 of the merchandise; provided a cash refund to the customer. The cost of returned merchandise was $160. 4 Sold merchandise on credit to Jordan Clark: issued Sales S1ip 908 for $1,070 plus tax, terms n/30. The cost of the merchandise sold was $640. 6 Accepted return of merchandise from Jordan Clark; issued Credit Memorandum 302 for $160 plus tax. The original sale was made on Sales Slip 908 of April 4. The cost of returned merchandise was $110. 30 Received payment on account from Jordan Clark in payment of her purchase of April 4, less the return on April 6 View transaction list Journal entry worksheet 7 8 5 6 1 2 3 4 Sold merchandise for cash. $2.520 plus sales tax

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