Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This a 3 part question a journal, ledger and analysis. I answered all parts but the analyze. Could you please check it and correct what's

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

This a 3 part question a journal, ledger and analysis. I answered all parts but the analyze. Could you please check it and correct what's wrong?

nce Siore began operations March 1, 2019. The firm sells its merchandise for cash and on open account. Sa ent saies tax. During March, The Appliance Store engaged in the following transactions TRANSACTIONS Sold merchandise on credit to Dave Allen: issued Sales Slip 101 for $550 plus sales tax of $33 Sold?_rchandise on credit to Castor Phan; issued Sales Slip 102 for $900 plus sales tax of $54 Sold merchandise on credit to Chris Hughes: issued Sales Slip 103 for $1,150 plus sales tax of $69. Recorded cash sales for the period from March 1 to March 15 of $7,200 plus sales tax of $432. Sold merchandise on credit to Brian Cooley: issued Sales slip 104 for s850 plus sales tax of $51 Received a check from Castor Phan of $180 to apply toward his account. Recorded cash sales Eor the period from March 16 to March 31 of $4,100 plus sales tax of $246. 1 1 Received payment in full from Dave Allen for the sale of March 1 rd the transactions in a general journal. entries from the general journal to the appropriate general ledger accounts LEDGER ACCOUNTS ash ccounts Receivable 221 Sales Tax Payable 401 Sales re the total cash receipts during March

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Information Audit A Practical Guide

Authors: Susan Henczel, Sue Henczel

1st Edition

3598243677, 978-3598243677

More Books

Students also viewed these Accounting questions