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Record the transactions starting of a general journal

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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.

Reference no: EM132182760

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