Textbook Problem

Enter the following transactions in a general journal:

June 4    Sold merchandise on account to T. Allen, $1,500 plus 6% sales tax, with 1/10, n/30 cash discount terms.

    7 Sold merchandise on account to K. Bryant, $1,800 plus 6% sales tax, with 1/10, n/30 cash discount terms.

    11 T. Allen returned merchandise totaling $300 from the June 4 sale, for credit.

    14 T. Allen paid the balance due from the June 4 sale, less discount.

    17 K. Bryant paid the balance due from the June 7 sale, less discount.