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Use the following transactions to answer the questions. Use a 6% sales tax rate. Total and rule the sales journal. Jan. 3 Sold merchandise on

  1. Use the following transactions to answer the questions. Use a 6% sales tax rate. Total and rule the sales journal.

    Jan. 3Sold merchandise on account to J. J. Johnson, $1,500, plus sales tax.
    7Sold merchandise on account to C. Lopez, $2,100, plus sales tax.
    14Issued credit memorandum to J. J. Johnson for $530, including sales tax of $30.
    19Sold merchandise on account to H. Hertz, $700, plus sales tax.
    29Sold merchandise on account to G. Cardiology, $1,100, plus sales tax.

    Prepare the sales journal using the above transactions, as appropriate.

    SALES JOURNALPage 1
    DateSale No.To Whom SoldPost. Ref.Accounts Receivable
    Debit
    Sales CreditSales Tax Payable
    Credit
    Jan. 3J. J. Johnson
    7C. Lopez
    19H. Hertz
    29G. Cardolo

    Prepare the general journal using the above transactions, as appropriate. If an amount box does not require, leave it blank.

    Page: 1
    DATEDESCRIPTIONPOST.
    REF.
    DEBITCREDIT
    1Jan. 14
    • Accounts Receivable/J. J.Johnson
    • Cash
    • Sales Returns and Allowances
    • Supplies
    • Wages Payable
    1
    2
    • Accounts Receivable/J. J.Johnson
    • Cash
    • Sales Tax Expense
    • Sales Tax Payable
    • Income Tax Payable
    2
    3
    • Accounts Receivable/J. J.Johnson
    • Cash
    • Sales Returns and Allowances
    • Sales Tax Payable
    • Income Tax Payable

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