Bradley's Appliance Store had the following transactions during the month of May 20X1. May 5 6...
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Bradley's Appliance Store had the following transactions during the month of May 20X1. May 5 6 8 Sold a refrigerator to Mary Wilson that had a retail price of $560. Sales tax of $28.00 was also charged. Sold a freezer to Sam Lee. Issued sales slip for $810 plus sales tax of $40.50. Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $157.50, Which includes $7.50 of sales tax. 15 20 25 Sold a television to Jill Hanna. Issued sales slip for $300 plus sales tax of $15.00. Sold two ovens to Steve Ferguson. Issued sales slip for $130 plus sales tax of $6.50. Accepted a return of a defective oven from Steve Ferguson. The oven was originally sold on May 20. Issued credit memorandum for $68.25, which included sales tax of $3.25 Prepare journal entries to record the above transactions. (Round your answers to 2 decimal places.) Bradley's Appliance Store had the following transactions during the month of May 20X1. May 5 6 8 Sold a refrigerator to Mary Wilson that had a retail price of $560. Sales tax of $28.00 was also charged. Sold a freezer to Sam Lee. Issued sales slip for $810 plus sales tax of $40.50. Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $157.50, Which includes $7.50 of sales tax. 15 20 25 Sold a television to Jill Hanna. Issued sales slip for $300 plus sales tax of $15.00. Sold two ovens to Steve Ferguson. Issued sales slip for $130 plus sales tax of $6.50. Accepted a return of a defective oven from Steve Ferguson. The oven was originally sold on May 20. Issued credit memorandum for $68.25, which included sales tax of $3.25 Prepare journal entries to record the above transactions. (Round your answers to 2 decimal places.)
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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