to make a general journal entry base on the information givenbelow: Received $16
ID: 2457886 • Letter: T
Question
to make a general journal entry base on the information givenbelow: Received $1617 from Marina Boats in payment of the $1650 may26 sale, less the 2% discount.(Note: This entry requires areduction in the sales tax payable account to correspond to thereduced amount of the net sale as a result of the discount;however, this correction will be made by adjustment "j" at theend of the mnth). edit: based on a 8% sales tax. to make a general journal entry base on the information givenbelow: Received $1617 from Marina Boats in payment of the $1650 may26 sale, less the 2% discount.(Note: This entry requires areduction in the sales tax payable account to correspond to thereduced amount of the net sale as a result of the discount;however, this correction will be made by adjustment "j" at theend of the mnth). edit: based on a 8% sales tax.Explanation / Answer
Date
Details
Debit
Credit
Date
Details
Debit
Credit
26-May Cash 1,617.00 Discount Expense 33.00 Sales 1,650.00 31-May Sales Tax Payable 2.64 Sales TaxExpense 2.64Related Questions
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