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Record the following transactions of Fashlon Park in a general Journal. Fashion Park must charge 8 percent sales tax on all sales. The company uses
Record the following transactions of Fashlon Park in a general Journal. Fashion Park must charge percent sales tax on all sales. The company uses the perpetual Inventory system.
DATE
TRANSACTIONS
April X Sold merchandise for cash, $ plus sales tax. The cost of the merchandise sold was $
April x The customer purchasing merchandise for cash on April returned $ of the merchandise; provided a cash refund to the custoner. The cost of the returned merchandise was $
ApriX Sold merchandise on credit to Jordan Clark; issued Sales p for $ plus tax, terms n The cost of the merchandise sold was $
Apri Accepted return of merchandise from Jordan Clark; issued Credit Menorandum for $ plus tax. The original sale was made on Sales Sp of Apri The cost of the returned nerchandise was $
ApriX Received payment on account from Jordan Clark in paynent of her purchase of Apri Iess the neturn on Apri
Note: Round your answers to the nearest whole dollar.
Journal entry worksheet
Record the return of of menchandise plus tax that was peid for cash on April
Nate: Enter debits bctore crec : :
tableDateGeneral Journal,Debit,CreditApril times Sales tax payable,,Cash,,
mear cilit
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