TRANSACTIONS FOR JUNE 10-16 June 14 Two Kawasaki Jet Ski 800 SX-R Personal Watercraft were sold to customer Arlene Baxter at an out-the-door retail sales price of $12,852.00 which includes sales tax. Received from Ms. Baxter a check for $5,000.00 as a cash down payment and charged the balance to her account. The account will be paid fin full in 30 days. To calculate the total amount of the sales, divide the out-the-door price by 1.08. The difference between the answer (sales price) and the out-the-door retail sales price (selling price + sales tax) will be the sales tax. Invoice Number: G4016. Customer Number: 10300. Merchandise listed on sales invoice: Item Quantity Stock Number AS888 Net Cost Per Unit $4,760.00 JET SKI 800 SR-X 2 Account Titles Cash Petty Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Prepaid Insurance Prepaid Property Tax Store and Shop Supplies Store Equipment and Pixtures Accum. Deprec., Store Equip. and Pix. Shop Equipment Aceum. Depreciation, Shop Equipment Trucks Accumulated Depreciation, Trucks Accounts Payable Notes Payable Sales Tax Payable Dividends Payable Unearned Storage Fees Long-term Notes Payable Common Stock Retained Earnings Dividends Declared Watercraft and Accessory Sales Sales Returns and Allowances Service Fees Earned Cost of Goods Sold Transportation-In Salaries and Wages Expense Truck and Equipment Operating Exp. Advertising Expense Delivery Expense Credit Card Expense Tools Expense Rent Expense Utilities Expense Telephone Expense Bank Service Charges License Expense Professional Services Expense Cash Short and Over Discounts Lost Miscellaneous Expense Interest Earned Miscellaneous Revenue Income Taxes Expense Interest Expense Total