Please help me, i\'ve arrived at this point, please tell mewhat i am doing wrong
ID: 2458107 • Letter: P
Question
Please help me, i've arrived at this point, please tell mewhat i am doing wrong. 5/2....Cash sale of $115.32 for unassembled products plussales tax, less 2% discount. 5/3....Received check for $154.72 for assembled products fromJ.B. Murphy includes $8.06 sales tax and $12.30transportation. 5/10...Received payment from S.V. Northrup for $3,296.87 inunassembled units and $11,466.17 in assembled units plus $885.78sales tax. 5/11...Cash sale of $799.04 to Campbell Company for assembledunits plus $47.04 sales tax and $15.49 transportation less $15.09discount. 5/11...Received check for $5,640.37-includes $304.78 sales taxand $256.01 transportation ($3,946.44 cost of unassembledunits-$158.34 transpotation on unassembled units)-T.M.Products. 5/13...Sold assembled units to Baker Bros. for $1,156.73 plus6% sales tax less $115.67 discount. 5/15...Cash sale of $1,045.41 less $20.13 discount--$61.52sales tax ($632.50 in unassembled units)-Belmont Plumbing. Using 6% tax rate for calculating sales tax . Dept.A-assembledand Dept B-unassembledExplanation / Answer
5/10 Northrup bank total is $ 15,648.82 ( add the numbers and checkit one more time). 5/11 T.M products Transportation total is 256.01 and you put fordept A 158.34(correct) and the remainder of 97.67 (256.01 - 158.34= 97.67) should go in to dept B.transportation. 5/15 Belmont Plumbing sales tax of 61.52 is missing in the taxcolumn and the sales $ 1086.80 should go in to the National bankaccount.( $ 1,045.41 +61.52 -20.13) 632.50 is unassembled 392.78 sales cr for the other dept. Plug in the above changes and see how it balances !
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