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https//newconnect.mheducation.com/flow/connect.html e your bookmarks here on the bookmarks bar. Import bookmarks now... 7&8) 6 Saved Helg Bradley's Appliance Store had the following transactions during the month of May 201S. Sold a refrigerator to Mary Wilson that had a retail price of $59e. Sales tax of $29.58 was also charged May 5 6 Sold a freezer to Sam Lee. Issued sales slip for $848 plus sales tax of $42.80. Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $141.75, which includes $6.75 of sales tax. 36 8 15 Sold a television to 3111 Hanna. Issued sales slip for $315 plus sales tax 2e Sold two ovens to Steve Fergusod. Issued sales slip for $145 plus sales 25 Accepted a return of a defective oven from Steve Ferguson. The oven was of $15.75. tax of $7.25 originally sold on Hay 20. Issued credit memorandum for 576.13, which included sales tax of $3.63 Prepare journal entries to record the above transactions. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Sold a refrigerator to Mary Wilson that had a retail $29.50 was also charged. price of $ Note: Enter debits before credits Debit Credit General Journal Date May 05, 2019Explanation / Answer
Journal entry of the same transaction will be as follows -
Please note all values are in $.
In case of further clarification required please comment.
Date Particulars Dr. Cr. 5-May-19 Mary Wilson A/c 619.5 To Sale 590 To Sales tax liability 29.5 6-May-19 Sam lee A/c 882 To Sale 840 To Sales taax liability 42 8-May-19 sale A/c 135 Sales tax liability A/c 6.75 TO Mary Wilson A/c 141.75 15-May-19 Jill Hanna A/c 330.75 To sales A/c 315 To sales tax liability A/c 15.75 20-May-19 Steve Ferguson A/c 152.25 To sales A/c 145 To sales tax liability A/c 7.25 25-May-19 Sales A/c 72.5 Sales tax liability A/c 3.63 To Steve ferugson A/c 76.13Related Questions
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