ournalizing Sales Transactions Enter the following transactions in a general journal. Use a 6% sales tax rate. May 1  Sold merchandise on account to J. Adams, $4,000 plus sales tax. Sale No. 488. 4  Sold merchandise on account to B. Clark, $3,800 plus sales tax. Sale No. 489. 8  Sold merchandise on account to A. Duck, $3,500 plus sales tax. Sale No. 490. 11  Sold merchandise on account to E. Hill, $3,950 plus sales tax. Sale No. 491

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalizing Sales Transactions

Enter the following transactions in a general journal. Use a 6% sales tax rate.

May 1  Sold merchandise on account to J. Adams, $4,000 plus sales tax. Sale No. 488.
4  Sold merchandise on account to B. Clark, $3,800 plus sales tax. Sale No. 489.
8  Sold merchandise on account to A. Duck, $3,500 plus sales tax. Sale No. 490.
11  Sold merchandise on account to E. Hill, $3,950 plus sales tax. Sale No. 491.
Page:
DOC. POST.
DATE
ACCOUNT TITLE
DEBIT
CREDIT
NO.
REF.
20--
1
May 1
1
2
2
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3
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4
May 4
5
6.
7
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8.
8
9.
May 8
10
10
11
11
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13 May 11
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15
Transcribed Image Text:Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- 1 May 1 1 2 2 3 3 4 4 May 4 5 6. 7 7 8. 8 9. May 8 10 10 11 11 12 12 13 May 11 13 14 14 15 15
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