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Check my work Problem 7.2A (Algo) Recording sales, sales returns, and cash receipts for a retail store. LO 7-1 Exceptional Electronics began operations September 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales tax. The terms for all sales on credit are net 30. During September, Exceptional Electronics engaged in the following transactions: DATE TRANSACTIONS 20X1 Sept. 1 sold a high-definition television set on credit to Candy Cho; issued Sales Slip 101 for $2,700 plus sales tax of $189. 3 Sold stereo equipment on credit to Jim Peterson; issued Sales Slip 102 for $900 plus sales tax of $63. 7 Sold a microwave oven on credit to Bridgette Huffman; issued Sales Slip 103 for $300 plus sales tax of $21. 12 Accepted return of defective stereo equipment from Jim Peterson; issued Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment was sold on September 3. 15 Recorded cash sales for the period from September 1 to September 15 of $9,500 plus sales tax of $665. 16 Sold a gas dryer on credit to Kathy Sundstrand; issued Sales Slip 104 for $600 plus sales tax of $42. 17 Sold a home entertainment system on credit to Mark Navalta; issued Sales Slip 105 for $1,700 plus sales tax of $119. 18 Received $730 from Candy Cho on account. 20 Received payment in full from Jim Peterson for the sale of September 3, less the return of September 12. 25 Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on September 17, Sales Slip 105; issued Credit Memorandum 102 for $200 plus sales tax of $14. 27 Received payment in full from Bridgette Huffman for the sale of September 7. 29 Sold a dishwasher on credit to Mark Navalta; issued Sales Slip 106 for $400 plus sales tax of $28. 30 Recorded cash sales for the period from September 16 to September 30 of $11,400 plus sales tax of $798. Required: Record the transactions in a general journal. Analyze: What portion of the net sales during September were for entertainment items? Complete this question by entering your answers in the tabs below. General Journal Analyze Record the transactions in a general journal. View transaction list Journal entry worksheet Journal entry worksheet Sold a high-definition television set on credit to Candy Cho; issued Sales Slip 101 for $2,700 plus sales tax of $189. Note: Enter debits before credits. General Journal Debit Credit Date Sept 01, 20X1 Record entry Clear entry View general journal Journal entry worksheet .... Sold stereo equipment on credit to Jim Peterson; issued Sales Slip 102 for $900 plus sales tax of $63. Note: Enter debits before credits. General Journal Debit Credit Date Sept 03, 20X1 Record entry Clear entry View general journal General Journal Analyze > Journal entry worksheet Sold a microwave oven on credit to Bridgette Huffman; issued Sales Slip 103 for $300 plus sales tax of $21. Note: Enter debits before credits. General Journal Debit Credit Date Sept 07, 20X1 Record entry Clear entry View general journal Journal entry worksheet Accepted return of defective stereo equipment from Jim Peterson; issued Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment was sold on Note: Enter debits before credits. General Journal Debit Credit Date Sept 12 20X1 Record entry Clear entry View general journal View transaction list Journal entry worksheet .... Recorded cash sales for the period from September 1 to September 15 of $9,500 plus sales tax of $665. Note: Enter debits before credits. General Journal Debit Credit Date Sept 15, 20X1 Record entry Clear entry View general journal View transaction list Journal entry worksheet ..... Received $730 from Candy Cho on account. Note: Enter debits before credits. General Journal Debit Credit Date Sept 18, 20X1 Record entry Clear entry View general journal General Journal Analyze > View transaction list Journal entry worksheet View transaction list Journal entry worksheet Journal entry worksheet ..... Received payment in full from Jim Peterson for the sale of September 3, less the return of September 12. Note: Enter debits before credits. General Journal Debit Credit Date Sept 20, 20X1 Record entry Clear entry View general journal View transaction list Journal entry worksheet Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on September 17, Sales Slip 105; issued Credit Memorandum 102 for $200 Note: Enter debits before credits. General Journal Debit Credit Date Sept 25, 20X1 Record entry Clear entry View general journal Journal entry worksheet 1 ..... 6 7 8 9 10 11 13 ..... ..... Received payment in full from Bridgette Huffman for the sale of September 7. Note: Enter debits before credits. Date General Journal Debit Credit Sept 27, 20X1 Record entry Clear entry View genera Journal entry worksheet 1 6 7 8 9 10 11 12 13 ..... Recorded cash sales for the period from September 16 to September 30 of $11,400 plus sales tax of $798. ote: Enter debits before credits. Date General Journal Debit Credit Sept 30, 20X1 Record entry Clear entry View general General Journal Analyze September, Exceptional biectronics E the following transactions: DATE TRANSACTIONS 20X1 Sept. 1 sold a high-definition television set on credit to Candy Cho; iss $2,700 plus sales tax of $189. 3 Sold stereo equipment on credit to Jim Peterson; issued Sales Sli sales tax of $63. 7 sold a microwave oven on credit to Bridgette Huffman; issued Sale sales tax of $21. 12 Accepted return of defective stereo equipment from Jim Peterson; 101 for $100 plus sales tax of $7. The stereo equipment was sold 15 Recorded cash sales for the period from September 1 to September tax of $665. 16 Sold a gas dryer on credit to Kathy Sundstrand; issued Sales Slip tax of $42. 17 Sold a home entertainment system on credit to Mark Navalta; issue $1,700 plus sales tax of $119. 18 Received $730 from Candy Cho on account. 20 Received payment in full from Jim Peterson for the sale of Septen of September 12. 25 Gave Mark Navalta an allowance because of scratches on his home on September 17, Sales Slip 105; issued Credit Memorandum 102 for $14. 27 Received payment in full from Bridgette Huffman for the sale of s 29 Sold a dishwasher on credit to Mark Navalta; issued Sales Slip 10 tax of $28. 30 Recorded cash sales for the period from September 16 to September sales tax of $798. Required: Record the transactions in a general Analyze: What portion of the net sales during were for entertainment items? Complete this question by entering your answers in the tabs below. General Journal Analyze What portion of the net sales during September were for entertainment items? (Round your perce should be considered as 12.3%) Portion of entertainment items %