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The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 percent sales tax on all
The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 percent sales tax on all sales DATE TRANSACTIONS 20x1 May 1 Sold merchandise on account to R111 Gomez issued Sales Slip 1015 for $1,400 plus 8 percent sales tax, terms /38. 15 Recorded cash sales, 53,600 plus 8 percent sales tax. 31 Received payment on account due from 8111 Gomez for the sale on May 1.1 Required: Record the above transactions in a general joumal View transaction list Journal entry worksheet Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,400 plus 8 percent sales tax, terms B Note: Enter debits before credits n/30. Check my work Prev 1 of 1 Next 451 PM
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