What steps are followed in posting sales from the general journal to the accounts receivable ledger?
Answer to relevant QuestionsWhat steps are followed in posting sales returns and allowances from the general journal to the general ledger and accounts receivable ledger?Using T accounts for Cash, Accounts Receivable, Sales Tax Payable, Sales, Sales Returns and Allowances, and Sales Discounts, enter the following sales transactions. Use a new set of accounts for each part, 1–5.1. No sales ...J. K. Bijan owns a retail business and made the following sales on account during the month of August 20--. There is a 6% sales tax on all sales.Aug. 1 Sale No. 213 to Jung Manufacturing Co., $1,200 plus sales tax.3 Sale No. ...Enter the following transactions in a general journal. Use a 5% sales tax rate.Sept. 1 Sold merchandise on account to K. Smith, $1,800 plus sales tax. Sale No. 228.3 Sold merchandise on account to J. Arnes, $3,100 plus sales ...Geoff and Sandy Harland own and operate Wayward Kennel and Pet Supply. Their motto is, “If your pet is not becoming to you, he should be coming to us.” The Harlands maintain a sales tax payable account throughout the ...
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