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This a 3 part question a journal, ledger and analysis. I answered all parts but

ID: 2526847 • Letter: T

Question

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?

Explanation / Answer

Total cash receipts = 7200+4100+550+180 = $12030

general ledgers :

Cash = 7632+180+4346+583 = $12741

credit = 583+954+1150+69+850+51-180-583=$ 2894

Sales tax = =33+54+69+432+51+246= $ 885

Sales = 550+900+1150+7200+850+4100 = $ 14750

On march 01 sales tax payable = $ 33

On march 15 sales to be credited for $7200

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