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Record the following transactions of Lisas Fashion Boutique in a general journal. Lisa's Fashion Boutique operates in a state with 8% sales tax. (Round your
Record the following transactions of Lisas Fashion Boutique in a general journal. Lisa's Fashion Boutique operates in a state with 8% sales tax. (Round your intermediate calculations and final answers to 2 decimal places):
DATE | TRANSACTIONS | |
2019 | ||
Feb. | 2 | Sold merchandise for cash totaling $3,800 to customers using bank credit cards. Record the 2 percent discount on credit card sales at time of sale. |
15 | Sold merchandise totaling $2,100 to customers using American Express. | |
20 | Received amount due from American Express, less their 3 percent discount, for sales made by customers using American Express on February 15. |
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