Exceptional Electronics began operations September $1,20$x$1.$ 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 are net $30.$ During September, Exceptional Electronics engaged in the following transactions.

DATE

September $1,201$

September $3,201$

September $7,201$

September $12,201$

September $15,20$x$1$

September $16,201$

September $17,201$

September $18,201$

September $20,20$x$1$

September $25,201$

September $27,201$

September $29,201$

September $30,201$

TRANSACTIONS

Sold a high$-$definition television set on credit to Candy Cho; issued Sales $5$lip $101$ for $$2,800$ plus sales tax of $$196.$

Sold stereo equipment on credit to Jim Peterson; issued Sales Slip $102$ for $$800$ plus sales tax of $$56.$

Sold a microwave oven on credit to Bridgette Huffman; issued Sales $51$ip $103$ for $$400$ plus sales tax of $$28.$

Accepted return of defective stereo equipment from Jim Peterson; issued Credit Memorandum $101$ for $$200$ plus sales tax of $$14.$ The stereo equipment was sold on september $3.$

Recorded cash sales for the period from September $1$ to september $15$ of $$9,400$ plus sales tax of $$658.$

Sold a gas dryer on credit to Kathy Sundstrand; issued Sales $51$ ip $104$ for $$700$ plus sales tax of $$49.$

Sold a home entertainment system on credit to Mark Navalta; issued Sales $51$ip $105$ for $$1,800$ plus sales tax of $$126.$

Received $$740$ from Candy Cho on account.

Received payment in full from Jim Peterson for the sale of september $3,$ less the return of September $12.$ Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on September $17,$ sales slip $105$; issued credit Memorandum $102$ for $$300$ plus sales tax of $$21$

Received payment in full from Bridgette Huffman for the sale of september $7.$

Sold a dishwasher on credit to Mark Navalta; issued Sales Slip $106$ for $$500$ plus sales tax of $$35.$

Recorded cash sales for the period from September $16$ to september $30$ of $$11,500$ plus sales tax of $$805.$

GENERAL LEDGER ACCOUNTS

$101$ Cash

$111$ Accounts Receivable

$221$ Sales Tax Payable

$401$ Sales

$421$ Sales Returns and Allowances

ACCOUNTS RECEIVABLE LEDGER ACCOUNTS

Candy Cho

Bridgette Huffman

Mark Navalta

Jim Peterson

Kathy Sundstrand

Required:

$2.$ Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledger.

$3.$ Prepare a schedule of accounts receivable.

Analyze:

What is the amount of sales tax owed at September $30,201?$