DATE TRANSACTIONS May 1, 20X1 Sold merchandise on account to Ronnie Salgado; issued Sales Slip 1015 for $1,650 plus 8 percent sales tax, terms n/30. May 15, 20X1 Recorded cash sales, $4,100 plus 8 percent sales tax. May 30, 20X1 Received payment on account due from Ronnie Salgado for the sale on May 1. Required: Record the above transactions in a general journal: 

Answer rating: 100% (QA)

General Journal Entries May 1 20X1 Debit Accounts Receivable Ronnie Salgado 1650 ... View the full answer