The Appliance Guys 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.

The Appliance Guys 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 Herrera; issued Sales Slip $501$ for $$1,100$ plus sales tax of $$88.$

July $6$ Sold a washer to Helen Thai; issued Sales Slip $502$ for $$2,375$ plus sales tax of $$190.$

July $11$ Sold a high$-$definition television set to Rich James; issued Sales Slip $503$ for $$2,550$ plus sales tax of $$204.$

July $17$ Sold an electric dryer to Mary Schneider; issued Sales Slip $504$ for $$1,225$ plus sales tax of $$98.$

July $23$ Sold a trash compactor to Vickie Colombo; issued Sales Slip $505$ for $$850$ plus sales tax of $$68.$

July $27$ Sold a home entertainment system to Jeff Budd; issued Sales Slip $506$ for $$1,675$ plus sales tax of $$134.$

July $29$ Sold an electric range to Nancy Ling; issued Sales Slip $507$ for $$1,400$ plus sales tax of $$112.$

July $31$ Sold a microwave oven to Rob Stamos; issued Sales Slip $508$ for $$575$ plus sales tax of $$46.$

GENERAL LEDGER ACCOUNTS

$111$ Accounts Receivable, $$33,500$ Debit

$231$ Sales Tax Payable

$401$ Sales

Required:

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

Record the transactions in a sales journal.

Total and prove 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 was for entertainment items?

Complete this question by entering your answers in the tabs below.

Prepare a sales journal to record the above transactions.