Question: A customer shopping at Bed Bath Beyond a home

A customer shopping at Bed, Bath & Beyond, a home products retailer in the United States, made the following purchases: $100 for bath towels, $135 for an iron, $45 for an ironing board, and $250 for a gift certificate. Sales taxes on the purchase amounted to 5% of the total order. The customer paid with cash. What journal entry will Bed, Bath & Beyond make to recognize revenue on this transaction? Ignore the journal entries to recognize the expenses.

View Solution:

Sale on SolutionInn
  • CreatedMarch 04, 2014
  • Files Included
Post your question