Solution-Record the transactions in the sales journal

Record the transactions in the sales journal

Assignment Help Accounting Basics

Reference no: EM132722018

Problem - Futi Ishanyan owns a retail business and made the following sales during the month of August 20--. There is a 6% sales tax on all sales.

Aug. 1 Sale No. 213 to Jeter Manufacturing Co., $1,300, plus sales tax.

Aug. 3 Sale No. 214 to Hassan Co., $2,600, plus sales tax.

Aug. 7 Sale No. 215 to Habrock, Inc., $1,700, plus sales tax. (Open a new account for this customer. Address is 125 Fishers Dr., Noblesville, IN 47870-8867.)

Aug. 11 Sale No. 216 to Seth Mowbray, $1,400, plus sales tax.

Aug. 18 Sale No. 217 to Hassan Co., $3,960, plus sales tax.

Aug. 22 Sale No. 218 to Jeter Manufacturing Co., $2,800, plus sales tax.

Aug. 30 Sale No. 219 to Seth Mowbray, $1,900, plus sales tax.

Required -

1. Record the transactions in the sales journal. Total and verify the column totals and rule the columns.

2. Post from the sales journal to the general ledger and accounts receivable ledger accounts. Use account numbers as shown in the chapter.

Reference no: EM132722018

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Record the transactions in the sales journal

Reference no: EM132722018

Reference no: EM132722018

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