1 Sold a high-definition television set on credit to sales slip 101 for $3, 300
ID: 2508675 • Letter: 1
Question
1 Sold a high-definition television set on credit to sales slip 101 for $3, 300 plus equipment on credit to Jim Peterson; Candy Cho: issued S sales tax of $231. 3 Sold stereo issued Sales Slip 102 for $900 plus sales tax of $63 7 Sold a microwave. oven on credit to Bridgette Huffman; issued sales slip 103 for $300 plus sales tax of $21. 12 Accepted return of defective stereo equipment from Jim Peterson; issued Credit Memorandum 101 for $200 plus sales tax of $14. The stereo equipment was sold on September 3 15 Recorded cash sales for the period from September 1 16 Sold a gas dryer on credit to Kathy Sundstrand: 17 Sold a home entertainment system on credit to Mark to September 15 of $8,900 plus sales tax of $623 issued Sales Slip 104 for $600 plus sales tax of $42. Navalta: issued Sales slip 105 for $2,300 plus sales tax of $161. 18 Received $790 from Candy cho on account. 20 Received payment in full from Jim Peterson for the sale of September 3, less the return of September 12. 25 Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on September 17, sales Slip 105 issued Credit Memorandum 102 for $200 plus sales tax of $14 27 Received payment in full from Bridgette Huffman for 29 Sold a dishwasher on credit to Mark Navalta: issued 30 Recorded cash sales for the period fxom September 16 the sale of September 7 Sales slip 106 for 400 plus sales tax of s2e. to september 30 of $12,000 plus sales tax of se40 of 2 Next >Explanation / Answer
Sales tax outstanding as at Sept.30 = $1,981.00
Sales Accounts Receivable Date Debit Credit Balance Date Debit Credit Balance Sept.1 3300 3300 Sept.1 3531 3531 Sept.3 900 4200 Sept.3 963 4494 Sept.7 300 4500 Sept.7 321 4815 Sept.12 4500 Sept.12 214 4601 Sept.15 8900 13400 Sept.16 642 5243 Sept.16 600 14000 Sept.17 2461 7704 Sept.17 2300 16300 Sept.18 790 6914 Sept.28 400 16700 Sept.20 749 6165 Sept.30 12000 28700 Sept.25 214 5951 Sept.27 321 5630 Sept.28 428 5202 Sales Returns and Allowances Sales Tax Payable Date Debit Credit Balance Date Debit Credit Balance Sept.12 200 200 Sept.1 231 231 Sept.25 200 400 Sept.3 63 294 400 Sept.7 21 315 Sept.12 14 301 Cash Sept.15 623 924 Date Debit Credit Balance Sept.16 42 966 Sept.15 9523 9523 Sept.17 161 1127 Sept.18 790 10313 Sept.25 14 1113 Sept.20 749 11062 Sept.28 28 1141 Sept.27 321 11383 Sept.30 840 1981 Sept.30 12840 24223Related Questions
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