Question
Sales Transactions J. K. Bijan owns a retail business and made the following sales on account during the month of August 20--. There is a
Sales Transactions
J. K. Bijan owns a retail business and made the following sales on account during the month of August 20--. There is a 6% sales tax on all sales.
Aug. 1Sale No. 213 to Jung Manufacturing Co., $1,200 plus sales tax.3Sale No. 214 to Hassad Co., $3,600 plus sales tax.7Sale No. 215 to Helsinki, Inc., $1,400 plus sales tax. (Open a new account for this customer. Address is 125 Fishers Dr., Noblesville, IN 47870-8867.)11Sale No. 216 to Ardis Myler, $1,280 plus sales tax.18Sale No. 217 to Hassad Co., $4,330 plus sales tax.22Sale No. 218 to Jung Manufacturing Co., $2,000 plus sales tax.30Sale No. 219 to Ardis Myler, $1,610 plus sales tax.
Required:
1.Record the transactions starting on page 15 of a general journal. Enter the posting references when you complete part 2.
GENERAL JOURNALPAGE 15DATEDESCRIPTIONPOST. REF.DEBITCREDIT20--Aug. 1Accounts Payable/Jung Manufacturing Co.
/
Sale No. 213Aug. 3
/
Sale No. 214Aug. 7
/
Sale No. 215Aug. 11
/
Sale No. 216Aug. 18
/
Sale No. 217Aug. 22
/
Sale No. 218Aug. 30
/
Sale No. 219
2.Post from the journal to the general ledger and accounts receivable ledger.
GENERAL LEDGERACCOUNTAccounts ReceivableACCOUNT NO.122BALANCEDATEITEMPOST. REF.DEBITCREDITDEBITCREDIT20--
ACCOUNTSales Tax PayableACCOUNT NO.231BALANCEDATEITEMPOST. REF.DEBITCREDITDEBITCREDIT20--
ACCOUNTSalesACCOUNT NO.401BALANCEDATEITEMPOST. REF.DEBITCREDITDEBITCREDIT20--
ACCOUNTS RECEIVABLE LEDGERNAMEHassad Co.ADDRESS1225 W. Temperance Street, Elletsville, IN 47429-9976DATEITEMPOST. REF.DEBITCREDITBALANCE20--
NAMEHelsinki, Inc.ADDRESS125 Fishers Drive, Noblesville, IN 47870-8867DATEITEMPOST. REF.DEBITCREDITBALANCE20--
NAMEJung Manufacturing Co.ADDRESS8825 Old State Road, Bloomington, IN 47401-8823DATEITEMPOST. REF.DEBITCREDITBALANCE20--
NAMEArdis MylerADDRESS2100 Greer Lane, Bedford, IN 47421-8876DATEITEMPOST. REF.DEBITCREDITBALANCE20--
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