Record the following transactions of Urban Star Sporting Goods in a general journal. Urban Star Sporting Goods
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Record the following transactions of Urban Star Sporting Goods in a general journal. Urban Star Sporting Goods must charge 8 percent sales tax on all sales.
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DATE 20X1 Feb. 2 15 20 TRANSACTIONS Sold merchandise totaling $4,800 plus tax to customers using bank credit cards. Record the 2 percent discount on credit card sales at time of sale. Sold merchandise totaling $2,650 to customers using American Express. Received amount due from American Express, less their 3 percent discount, for sales made by customers using American Express on February 15.
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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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