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Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 8 percent sales tax on all sales. DATE TRANSACTIONS 2019
Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 8 percent sales tax on all sales.
DATE | TRANSACTIONS | |
2019 | ||
April | 2 | Sold merchandise for cash, $1,700 plus sales tax. |
3 | The customer purchasing merchandise for cash on April 2 returned $200 of the merchandise; provided a cash refund to the customer. | |
4 | Sold merchandise on credit to Jordan Clark; issued Sales Slip 908 for $1,250 plus tax, terms n/30. | |
6 | Accepted return of damaged merchandise from Jordan Clark; issued Credit Memorandum 302 for $25 plus tax. The original sale was made on Sales Slip 908 of April 4. | |
30 | Received payment on account from Jordan Clark in payment of her purchase of April 4, less the return on April 6. |
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