{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T05:48:01-04:00", "answer_date": "2024-06-28 05:48:01", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4250034", "url": "\/study-help\/questions\/the-following-transactions-took-place-at-five-flags-amusement-park-4250034", "question_creation_date_js": "2024-06-28T05:48:01-04:00", "question_creation_date": "Jun 28, 2024 05:48 AM", "meta_title": "[Solved] The following transactions took place at | SolutionInn", "meta_description": "Answer of - The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 | SolutionInn", "meta_keywords": "transactions,place,five,flags,amusement,park,charge,8,percent,sales,tax,date", "question_title_h1": "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:", "question_title": "The following transactions took place at Five Flags Amusement Park during May.", "question_title_for_js_snippet": "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 2019May1 Sold merchandise on account to Bill Gomez issued Sales Slip 1015 for $1,200 plus 8 percent sales tax, terms n 30 May 15 Recorded cash sales, $5,800 plus 8 percent sales tax May 31 Received payment on account due from Bill Gomez for the sale on May 1 Journal entry worksheet 1 Sold merchandise on account to Bill Gomez issued Sales Slip 1015 for $1,200 plus 8 percent sales tax, terms n 30 2 Recorded cash sales, $5,800 plus 8 percent sales tax 3 Received payment on account due from Bill Gomez for the sale on May 1 ", "question_description": "

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:<\/p>

<\/p>

DATE TRANSACTIONS<\/strong><\/p>

2019May1 Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,200 plus 8 percent sales tax, terms n\/30.<\/p>

May 15 Recorded cash sales, $5,800 plus 8 percent sales tax.<\/p>

May 31 . Received payment on account due from Bill Gomez for the sale on May 1.<\/p>

<\/p>

Journal entry worksheet<\/strong><\/p>

1- <\/strong>Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,200 plus 8 percent sales tax, terms n\/30.<\/span><\/p>

2- Recorded cash sales, $5,800 plus 8 percent sales tax.<\/span><\/p>

3- Received payment on account due from Bill Gomez for the sale on May 1.<\/span><\/p>

<\/p>

?<\/span><\/span><\/p>

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