Question: Exceptional Electronics began operations September 1,2019. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales

 Exceptional Electronics began operations September 1,2019. The firm sells its merchandise

Exceptional Electronics began operations September 1,2019. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales tax. During September, Exceptional Electronics engaged in the following transactions DATE 2019 TRANSACTIONS Sept. 1 Sold a high-definition television set on credit to Candy Cho issued Sales Slip 101 for $2,400 plus sales tax of $168. 102 for $900 plus sales tax of $63. 3 Sold stereo equipment on credit to Jim Peterson: issued Sales Slip 7 Sold a microwave oven on credit to Bridgette Huffman: issued Sales Slip 103 for $200 plus sales tax of $i4 ccepted 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 12 A 15 Recorded cash sales for the period from September 1 to September 16 Sold a gas dryer on credit to Kathy Sundstrand: issued Sales s1ip 17 Sold a home 18 Received $700 from Candy Cho on account 15 of $10, 800 plus sales tax of $756. 104 for $500 plus sales tax of $35 Sales Slip 105 for $2,400 plus sales tax of s168. September 3, less the return of September 12, entertainment system on credit to Mark Navalta; issued 20 Received payment in 25 Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on September 17, Credit Memorandum 102 for $200 plus sales tax of $14 Received payment in full from Bridgette Huffman for the sale of September 7 Sales S1ip 105: issued 27 29 Soid a dishwasher on eredit to Mark Navalta issued Sales S1ip 106 30 Recorded cash sales for the period from September 16 to September for $600 plus sales tax of $42 30 of $11,100 plus sales tax of $777. GENERAL LEDGER ACCOUNTS

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