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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 sales:
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 2019 May 1 Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,550 plus 8 percent sales tax, terms n/30. 15 Recorded cash sales, $3,900 plus 8 percent sales tax. 31 Received payment on account due from Bill Gomez for the sale on May 1. View transaction list Journal entry worksheet 2 3 Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,550 plus 8 percent sales tax, terms n/30. Note: Enter debits before credits. General Journal Debit Credit Date May 01, 2019 Record entry Clear entry View general journal
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