The Elegant Table sells china, glassware, and other gift items that are subject to an 8 percent sales tax. The shop uses a general journal and a sales journal similar to those illustrated in this chapter. All customers have payment terms of n/30.

The Elegant Table sells china, glassware, and other gift items that are subject to an 8 percent sales tax. The shop uses a general journal and a sales journal similar to those illustrated in this chapter. All customers have payment terms of n/30. DATE TRANSACTIONS Nov. 1 Sold china to Pauline Judge; 1ssued Sales \$1ip 1001 for $1,400 plus $112 sales tax. 5 Sold a brass serving tray to Janet Hutchison; issued Sales Slip 1002 for $2,000 plus $160 sales tax. 6 Sold a vase to Charles Brown; issued Sales 511p1003 for $600 plus $48 sales tax. 10 Sold a punch bowl and glasses to Lisa Morgan; issued Sales S1ip 1004 for $1, 600 plus \$128 sales tax. 14 Sold a set of serving bowls to Dorothy Watts; issued sales s1ip 1095 for $450 plus $36 sales tax. 17 Gave Lisa Morgan an allowance because of a broken glass discovered when unpacking the punch bowl and giasses sold on Novenber 10, sales Slip 10e4; 1ssued Credit Wesorandun 102 for \$169, which includes sales tax of \$13. 21 Sold a coffee table to Teresa Yu; issued Sales 51ip 1006 for \$33,100 plus $248 sales tax. 24 sold sterling silver teaspoons to Henry okafor; issued Sales slip 1007 for \$\$5ee plus $40 sales tax. 25 Gave Teresa Yu an allowance for scratches on her coffee table sold on November 21, sales slip 1ea6; 15sued credit Mesorandum 103 for $385, which includes $29 in sales tax. 30 Sold a clock to Elaine Brock; 1ssued sales 511p 180 for $3,700 plus $296 sales tax, SALES JOURNAL \begin{tabular}{|ll|l|l|} \hline Date & Sales Slip \\ No. Customer's Name \end{tabular} General Journal > Record the first entry required in the general journal. Note: Enter debits before credits. Prepare a schedule of accounts receivable. Which customer has the highest balance owed at November 30