Question: ools Help 1-11 Help Sa Exercise 7.4 Recording sales made for cash and on account, with 8 percent sales tax, and sales returns. LO 7-1
ools Help 1-11 Help Sa Exercise 7.4 Recording sales made for cash and on account, with 8 percent sales tax, and sales returns. LO 7-1 Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 8 percent sales tax on all sales April 2 Sold nerchandise for cash, $1,950 plus salea tax, ) The cuaconer purchasing serchandise for cash on April 2 returned 1 Sold serchandise on credit to Jordan Clazk: saed Sales 511p 908 6 Accepted return of danaged merchandise Erom Jordan Clazk: issued 30 Received paysent on account from Jordan Clazk in payens ot her 150 ot the merchandise: provided a cash refund to the eustomer tor S1,500 plus tax, to:zsn/30 Credit Menor andi.. 302 ter 75 plus tax . Tho original sale wa 4ae on Sales S11p 90 of kpril4 parchase ot April 4, less the return on ApriL 6 ew transaction ist Journal entry worksheet k Prey 20 of 25 Next 7 9
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