The following transactions took place at Swenson’s Wildlife Resort during May. Swenson’s Wildlife Resort must charge 8 percent sales tax on all sales:
DATE TRANSACTIONS
2016
May 1 Sold merchandise on account to Bill Walker; issued Sales Slip 1015 for $2,000 plus 8 percent sales tax, terms n/30.
15 Recorded cash sales, $4,800 plus 8 percent sales tax.
31 Received payment on account due from Bill Walker for the sale on May 1.