Superior Appliances is a retail store that sells household appliances. Merchandise sales are subject to an 8 percent sales tax. The firms credit sales for July are listed below, along with the general ledger accounts used to record these sales. The balance shown for Accounts Receivable is for the beginning of the month. DATE TRANSACTIONS July 1 Sold a dishwasher to John Martinez; issued Sales Slip 501 for $925 plus sales tax of $74. 6 Sold a washer to Helen Thai; issued Sales Slip 502 for $2,200 plus sales tax of $176. 11 Sold a high-definition television set to Richard Jones; issued Sales Slip 503 for $2,375 plus sales tax of $190. 17 Sold an electric dryer to Mary Schneider; issued Sales Slip 504 for $1,050 plus sales tax of $84. 23 Sold a trash compactor to Victoria Caramello; issued Sales Slip 505 for $675 plus sales tax of $54. 27 Sold a home entertainment system to Jeff Budd; issued Sales Slip 506 for $1,500 plus sales tax of $120. 29 Sold an electric range to Michelle Ly; issued Sales Slip 507 for $1,225 plus sales tax of $98. 31 Sold a double oven to Peter McVay; issued Sales Slip 508 for $400 plus sales tax of $32. GENERAL LEDGER ACCOUNTS 111 Accounts Receivable, $30,000 Dr. 231 Sales Tax Payable 401 Sales Required:

Open the general ledger accounts and enter the balance of Accounts Receivable for July 1, 2019.

Record the transactions in a sales journal. Total, prove, and rule the sales journal as of July 31.

Post the column totals from the sales journal to the proper general ledger accounts.

Analyze: What percentage of credit sales were for entertainment items?