Appliances Unlimited began operations November 1, 20X1. The firm sells its merchandise for cash and on open
Question:
Appliances Unlimited began operations November 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. During November, Appliances Unlimited engaged in the following transactions:
INSTRUCTIONS
Record the transactions in a general journal. Use 1 as the journal page number.
Analyze:
What is the total amount due from Dave Hall for the November 29 sale?
Transcribed Image Text:
DATE 20X1 Nov. 1 2 7 12 15 16 17 18 20 TRANSACTIONS Sold a dishwasher on credit to Anna Chang; issued Sales Slip 101 for $1,100 plus sales tax of $66. Sold stereo equipment on credit to Janie O'Hara; issued Sales Slip 102 for $700 plus sales tax of $42. Sold a trash compactor on credit to Dave Hall; issued Sales Slip 103 for $550 plus sales tax of $33. Accepted return of defective stereo equipment from Janie O'Hara; issued Credit Memorandum 101 for $80 plus sales tax of $4.80. The stereo equipment was sold on November 2. Recorded cash sales for the period from November 1 to November 15 of $10,160 plus sales tax of $609.60. Sold a microwave oven on credit to Maria Santoro; issued Sales Slip 104 for $250 plus sales tax of $15. Sold a home entertainment system on credit to Bob Newell; issued Sales Slip 105 for $1,020 plus sales tax of $61.20. Received $466 from Anna Chang on account. Received payment in full from Janie O'Hara for the sale of November 2, less the return of November 12.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
answers Date Particulars Debit Credit Mar1 Account Receivable 63600 Sales 60000 Sales Tax Payable 36...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Business questions
-
Appliances for Less began operations November 1, 2019. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. During November, Appliances for Less...
-
The Appliance Discounter began operations November l, 2013. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. During November, The Appliance...
-
The Appliance Store began operations March 1, 2016. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. During March, The Appliance Store engaged...
-
Q3: Prove: For any sets A and B, Ax B = B A ?
-
Visit a fast-food operation, a supermarket, a hospital, or another service and ask a manager about staff scheduling, covering these questions: a. Who does it? b. How frequently is it done? c. Is any...
-
In a survey at a mall during August, people were asked how much they spent that day. For a sample of 8 people, these were the results: 50 75 100 120 140 150 240 1350Are the sales normally...
-
How can the strength of association be measured in a multiple regression model?
-
Mike Lyons incorporated Lyons Concrete, Inc., in Montana, but did not file its first annual report, so the state involuntarily dissolved the firm in 1996. Unaware of the dissolution, Lyons continued...
-
Vulcan Company's contribution format Income statement for June is as follows: Vulcan Company Inco Stat For the Month Ende June 30 Sales Variable expens Contribution margin Fixed expenses Net...
-
The balance sheet for Benson Inc. reported the following components of equity on December 31, 2014: Common shares, unlimited shares authorized, 20,600 shares issued and outstanding Retained earnings...
-
The following transactions took place at Animal World Amusement Park during May. Animal World Amusement Park must charge 8 percent sales tax on all sales. DATE 20X1 May 1 15 31 TRANSACTIONS Sold...
-
Precision Electronics began operations September 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales tax. The terms for all sales on credit...
-
Positive reinforcer a. Define it and b. Diagram how it could cause problem behavior i. In a child ii. In a parent
-
A business sold one of their trucks at the end of 2019. The truck originally cost $80,500, had been in use for 4 years, and had accumulated depreciation of $46,000 at the time of sale. The sale of...
-
Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the...
-
Explain the necessary components of an executive summary and share the city and only one recommendation that you have proposed to expand and grow by building a new hospital. Describe two components...
-
Does the hedonic treadmill help or hinder the pursuit of happiness? You must explore both the pros and cons here. From or class material, or any other source, give reasons why?
-
1. As explained in chapter one, accounting is a measurement and communication discipline based on rules referred to as generally accepted accounting (GAAP). Explain what are pros and cons of GAAP? ...
-
If f F(S) is strictly positive definite, quasiconcave, and homogeneous of degree one, then f is superadditive, that is, f (x1 + x2) f (x1) + f(x2) for every x1, x2 S
-
Akramin just graduated with a Master of Engineering in Manufacturing Engineering and landed a new job in Melaka with a starting salary of RM 4,000 per month. There are a number of things that he...
-
Rossi Wholesalers made sales using the following list prices and trade discounts. What amount will be recorded for each sale in the sales journal? 1. List price of $950 and trade discount of 10...
-
In Woodinville Power Corporations factory, fixed indirect labor costs are $6,300 per month. Variable indirect labor costs are $1.40 per direct labor hour. The budget for the month of May 20X1 calls...
-
Alpha Companys records show the following data for the four quarters of 20X1: Compute the fixed and variable elements of utilities cost, using the high-low point method. Quarter First Second Third...
-
Explain this ERD Diagram Briefly.
-
Suppose we "put" the keys: T A D P O L E into an empty 2-3 tree. Draw the 2-3 trees to see what the height will be of the tree. What would be the height of the tree?
-
What is the reported on a TRICARE CMS-1500 claim in Block 1a?
Study smarter with the SolutionInn App