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Two kawasaki jet ski 800 sx-r personal watercraft were sold to customer arlen ba

ID: 2452100 • Letter: T

Question

Two kawasaki jet ski 800 sx-r personal watercraft were sold to customer arlen baxter at an out the door retail sale price os 12,852.00 whicj includes sales tax. Recieved from Ms. Baxter a check for 5,000 as a cash down payment and charged the balance to her account. The account will be paid in fumm in 30 days. to calculate the total amount of the sales, divide the out the door price by 1.08. the diffrence between the answer(sales price) and the out the door retail sles price ( selling price + sales tax) will be the sales tax. how do i jouralize this?

Explanation / Answer

solution :

Account title Debit Credit Cash 5000 Ms Baxter 6900     Watercraft 11900
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