Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Aug. 4 Sold merchandise on account to...
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Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Aug. 4 Sold merchandise on account to S. Miller for $360 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $210 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit. 13 S. Miller paid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $50 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. 1. Prepare journal entries for the following transactions. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Page: 1 DOC. POST. NO. REF. DATE ACCOUNT TITLE DEBIT CREDIT 1 20-- Aug. 4 Accounts Payable/S. Miller Sales 2 2. Sales Tax Payable 3 3 4 4 5 Aug. 6 Accounts Receivable/K. Krtek 5 6. Sales 6 Sales Tax Payable 8. Sales Returns and Allowances 9 Aug. 10 9 Sales Tax Payable Accounts Receivable/S. Miller 10 10 11 11 12 12 Cash 13 Aug. 13 13 Sales Discounts Accounts Receivable/S. Miller 14 14 15 15 16 16 Sales Returns and Allowances 17 Aug. 15 17 Sales Tax Payable 18 18 Accounts Receivable/K. Krtek 19 19 20 20 10I 1II III III II Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Aug. 4 Sold merchandise on account to S. Miller for $360 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $210 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit. 13 S. Miller paid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $50 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. 1. Prepare journal entries for the following transactions. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Page: 1 DOC. POST. NO. REF. DATE ACCOUNT TITLE DEBIT CREDIT 1 20-- Aug. 4 Accounts Payable/S. Miller Sales 2 2. Sales Tax Payable 3 3 4 4 5 Aug. 6 Accounts Receivable/K. Krtek 5 6. Sales 6 Sales Tax Payable 8. Sales Returns and Allowances 9 Aug. 10 9 Sales Tax Payable Accounts Receivable/S. Miller 10 10 11 11 12 12 Cash 13 Aug. 13 13 Sales Discounts Accounts Receivable/S. Miller 14 14 15 15 16 16 Sales Returns and Allowances 17 Aug. 15 17 Sales Tax Payable 18 18 Accounts Receivable/K. Krtek 19 19 20 20 10I 1II III III II
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Date Account title and Explanation Debit Credit Aug 4 Accounts ReceivableSMiller 416 Sales 400 Sale... View the full answer
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