Question: Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $320 plus sales tax of 4%, with 2/10,

Prepare journal entries for the following transactions.


Aug. 4

Sold merchandise on account to S. Miller for $320 plus sales tax of 4%, with 2/10, n/30 cash discount terms.

6

Sold merchandise on account to K. Krtek for $210 plus sales tax of 4%.

10

S. Miller returned merchandise purchased on August 4 for $20 plus sales tax for credit.

13

S. Miller paid the balance due on her account.

15

K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit.

20

K. Krtek paid the balance due on his account.


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