The Descriptions Of below Transactions That Occurred During The Accounting Period For Mario's Electronics A. Sold $1,000

The Descriptions Of below  Transactions That Occurred During The Accounting Period For Mario's Electronics 

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A. Sold $1,000 in merchandise on credit. The transaction did not involve sales tax. B. Gave a $500 allowance to a credit customer for damaged merchandise. The original sale was subject to 9% sales tax. C. Received a check for $40 from a credit customer on account. D. Sold $400 in merchandise for cash. The transaction is subject to 7% sales tax E. Accepted a return of $210 in merchandise from a credit customer. The original sale was subject to 6% sales tax. Prepare the general journal entries for the above transactions. (Round your answer to the nearest whole number.) View transaction list Journal entry worksheet 1 2 3 Note: Enter debits before credits Transaction Record entry 4 Sold $1,000 in merchandise on credit. The transaction did not involve sales tax. 5 General Journal Clear entry Debit Credit View general journal A. Sold $1,000 in merchandise on credit. The transaction did not involve sales tax. B. Gave a $500 allowance to a credit customer for damaged merchandise. The original sale was subject to 9% sales tax. C. Received a check for $40 from a credit customer on account. D. Sold $400 in merchandise for cash. The transaction is subject to 7% sales tax E. Accepted a return of $210 in merchandise from a credit customer. The original sale was subject to 6% sales tax. Prepare the general journal entries for the above transactions. (Round your answer to the nearest whole number.) View transaction list Journal entry worksheet 1 2 3 Note: Enter debits before credits Transaction Record entry 4 Sold $1,000 in merchandise on credit. The transaction did not involve sales tax. 5 General Journal Clear entry Debit Credit View general journal

Answer rating: 100% (QA)

Journal Entries for Various Merchandise Transactions A Sold 1000 in merchandise on credit The transa... View the full answer