superior appliances it is a retail store that sells household appliances merchandise sales are subject to an 8% sales tax affirms credit sales for July are listed below along with the general ledger account used to record the sales the balance shown for accounts receivable is for the beginning of the month.

Problem 7.1A Recording credit sales and posting from the sales journal. LO 7-1, 7-2 Superior Appliances is a retail store that sells household appliances. Merchandise sales are subject to an 8 percent sales tax. The firm's 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 Martines; issued Sales Slip 501 for $1,125 plus sales tax of $90. 6 Sold a washer to Helen Thai; issued Sales Slip 502 for $2,400 plus sales tax of $192. 11 sold a high-definition television set to Richard Jones; issued Sales Slip 502 for $2,575 plus sales tax E $206. 17 Sold an electric dryer to Mary Schneider; issued Sales 315p 504 for $1,250 plus sales tax of $100. 23 Sold a trash compactor to Victoria Caramello; issued Sales Slip 505 for $875 plus sales tax of $70. 27 Sold a home entertainment system to Jett Budd; issued Sales Slip 506 for $1,700 plus sales tax of $136. 29 Sold an electric range to Michelle Ly: issued Sales Slip 507 for $1,425 plus salos Saxo $114. 31 Sold a double oven to Peter MeVay: inrund Sales Slip 508 for $600 plus sales tax of $40. GENERAL LEDGER ACCOUNTS 111 hecounts Receivable, $34.000 DE 231 Sales Tax Payable Required: 1. Open the general ledger accounts and enter the balance of Accounts Receivable for July 1, 2019 2. Record the transactions in a sales journal. 3. Total, prove, and rule the sales journal as of July 31 4. Post the column totals from the sales journal to the proper general ledger accounts. sales tax of $48. GENERAL LEDGER ACCOUNTS 111 Accounts Receivable, $34,000 DI. 231 Sales Tax Payable 401 Sales Required: 1. Open the general ledger accounts and enter the balance of Accounts Receivable for July 1, 2019. 2. Record the transactions in a sales journal. 3. Total, prove, and rule the sales Journal as of July 31. 4. Post the column totals from the sales Journal to the proper general ledger accounts. Analyze: What percentage of credit sales were for entertainment Items? Complete this question by entering your answers in the tabs below. Sales Journal Ledger Accounts Analyze Prepare a sales journal to record the above transactions. SALES JOURNAL Accounts Customer's Name Receivable Debit Date Sales Slip No Sales Tax Payable Credit Sales Credit Analyze: What percentage of credit sales were for entertainment items? Complete this question by entering your answers in the tabs below. Sales Journal Ledger Accounts Analyze Prepare a sales journal to record the above transactions. SALES JOURNAL Accounts Customer's Name Receivable Debit Date Sales Slip No Sales Tax Payable Credit S ales Credit July 31 Totals 05 05 Ledger Accounts > Prev 1 of 4 Next re to search O GENERAL LEDGER ACCOUNTS 111 Accounts Receivable, $24,000 Dr. 221 Sales Tax Payable 401 Sales Required: 1. Open the general ledger accounts and enter the balance of Accounts Receivable for July 1, 2019. 2. Record the transactions in a sales journal. 3. Total, prove, and rule the sales Journal as of July 31. 4. Post the column totals from the sales Journal to the proper general ledger accounts. Analyze: What percentage of credit sales were for entertainment items? Complete this question by entering your answers in the tabs below. Sales Journal Ledger Accounts Analyze What percentage of credit sales were for entertainment items? (Round your answer to 2 decimal places. Credit sales for entertainment items %