Reference no: EM132182760
Question - M. Maxwell owns a retail business and made the following sales on account during the month of July 20--. There is a 5% sales tax on all sales.
July1
Sale No. 101 to Saga, Inc., $1,200 plus sales tax.8
Sale No. 102 to Vinnie Ward, $2,100 plus sales tax.15
Sale No. 103 to Dvorak Manufacturing, $4,300 plus sales tax.21
Sale No. 104 to Vinnie Ward, $1,800 plus sales tax.24
Sale No. 105 to Zapata Co., $1,600 plus sales tax.29
Sale No. 106 to Saga, Inc., $1,450 plus sales tax.
Required:
1. Record the transactions starting on page 15 of a general journal.
2. Post from the journal to the general ledger and accounts receivable ledger accounts.
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