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The Appliance Store began operations March 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 6

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The Appliance Store began operations March 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. The terms for all sales on credit are net 30. During March, The Appliance Store engaged in the following transactions: DATE TRANSACTIONS 20x1 March 1 Sold merchandise on credit to Dave Allen; issued Sales Slip 101 for $600 plus sales tax of $36. 4 Sold merchandise on credit to Castor Phan; issued Sales Slip 102 for $950 plus sales tax of $57. 12 Sold merchandise on credit to Chris Hughes; issued Sales Slip 103 for $1,100 plus sales tax of $66. 15 Recorded cash sales for the period from March 1 to March 15 of $6,700 plus sales tax of $402. 25 Sold merchandise on credit to Brian Cooley, issued Sales Slip 104 for $900 plus sales tax of $54. 28 Received a check from Castor Phan of $130 to apply toward his account. 31 Recorded cash sales for the period from March 16 to March 31 of $3,600 plus sales tax of $216. 31 Received payment in full from Dave Allen for the sale of March 1. Required: 2. Record the transactions in a general journal. 3. Post the entries from the general journal to the appropriate general ledger accounts. GENERAL LEDGER ACCOUNTS 101 Cash 111 Accounts Receivable 221 Sales Tax Payable 401 Sales Analyze: What were the total cash receipts during March? Complete this question by entering your answers in the tabs below. General Journal General Ledgers Analyze General Journal General Ledgers Analyze Post the entries from the general journal to the appropriate general ledger accounts. Cash Account No. 101 Credit Balance Accounts Receivable Date Debit Account No. 111 Credit Balance Date Debit Sales Sales Tax Payable Date Debit Account No. 221 Credit Balance Account No. 401 Credit Balance Date Debit Required: 2. Record the transactions in a general journal. 3. Post the entries from the general journal to the appropriate general ledger accounts. GENERAL LEDGER ACCOUNTS 101 Cash 111 Accounts Receivable 221 Sales Tax Payable 401 Sales Analyze: What were the total cash receipts during March? Complete this question by entering your answers in the tabs below. General Journal General Ledgers Analyze What were the total cash receipts during March? Cash receipts

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