Question: This is all the info i was given. I was told to journalize the cash sales from the revenue report attached. March 7, 20xx Record
This is all the info i was given. I was told to journalize the cash sales from the revenue report attached.
| March 7, 20xx | Record the March 1 -7, 20xx cash sales from the Cash Revenue Report. | ||||||
| CASH REVENUE REPORT | |||||
| (Journalize and post as appropriate, check register) | |||||
| Sales Tax = | 7.75% | ||||
| Credit Card Expense = | 3% | ||||
| March 1 through March 7, 20xx | |||||
| Credit Card Expense Debit | Sales Tax Payable Credit | Sales Revenue Credit | Dcor Revenue Credit | Cash Debit | Cash Short/Over |
| 401.64 | 962.94 | 8,250.00 | 4,175.00 | 12,982.05 | 4.25 short |
| REVENUE | |||
| 411 | Sales Revenue | ||
| 412 | Dcor Fees Revenue | ||
| 413 | Sales Returns and Allowances | ||
| 414 | Sales Discounts | ||
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
