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The Elegant Table sells china, glassware, and other gift items that are subject to an 8 percent sales tax. The transactions shown below took place

The Elegant Table sells china, glassware, and other gift items that are subject to an 8 percent sales tax. The transactions shown below took place during November 2016.

PLease help

DATE TRANSACTIONS
Nov. 1

Sold china to Pauline Judge; issued Sales Slip 1001 for $1,750 plus $140 sales tax.

5

Sold a brass serving tray to Janet Hutchison; issued Sales Slip 1002 for $2,350 plus $188 sales tax.

6

Sold a vase to Charles Brown; issued Sales Slip 1003 for $950 plus $76 sales tax.

10

Sold a punch bowl and glasses to Lisa Morgan; issued Sales Slip 1004 for $1,950 plus $156 sales tax.

14

Sold a set of serving bowls to Dorothy Watts; issued Sales Slip 1005 for $800 plus $64 sales tax.

17

Gave Lisa Morgan an allowance because of a broken glass discovered when unpacking the punch bowl and glasses sold on November 10, Sales Slip 1004; issued Credit Memorandum 102 for $162.00, which includes sales tax of $12.

21 Sold a coffee table to Teresa Yu; issued Sales Slip 1006 for $3,450 plus $276 sales tax.
24

Sold sterling silver teaspoons to Henry Okafor; issued Sales Slip 1007 for $850 plus $68 sales tax.

25

Gave Teresa Yu an allowance for scratches on her coffee table sold on November 21, Sales Slip 1006; issued Credit Memorandum 103 for $378, which includes $28 in sales tax.

30

Sold a clock to Elaine Brock; issued Sales Slip 1008 for $4,050 plus $324 sales tax.

1.1

Prepare asalesjournal to record the above transactions.

1.2

Prepare general journal entries as needed.

2.

Post the sales return transactions and column totals from the sales journal into the General ledger accounts. Then, post each transaction individually to accounts receivable subsidiary ledger accounts.

4.

Prepare a schedule of accounts receivable.

Analyze:
Which customer has the highest balance owed at November 30, 2016?
Teresa Yu
Pauline Judge
Elaine Brock
Dorothy Watts
Henry Okafor
Charles Brown
Lisa Morgan

Janet Hutchison

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