Bradley's Appliance Store had the following transactions during the month of May 20X1. May 5 6 8 15 20 25 Sold a refrigerator to Mary Wilson that had a retail price of $560. Sales tax of $28.00 was also charged. Sold a freezer to Sam Lee. Issued sales slip for $810 plus sales tax of $40.50. Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $157.50, Which includes $7.50 of sales tax. Sold a television to Jill Hanna. Issued sales slip for $300 plus sales tax of $15.00. Sold two ovens to Steve Ferguson. Issued sales slip for $130 plus sales tax of $6.50. Accepted a return of a defective oven from Steve Ferguson. The oven was originally sold on May 20. Issued credit memorandum for $68.25, which included sales tax of $3.25 Prepare journal entries to record the above transactions. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 Note: Enter debits before credits. 5 following... 6 Sold a refrigerator to Mary Wilson that had a retail price of $560. Sales tax of $28.00 was also charged. < Prev 2 of 66 # Next > >

Bradley's Appliance Store had the following transactions during the month of May 20X1. May 5 6 8 15 20 25 Sold a refrigerator to Mary Wilson that had a retail price of $560. Sales tax of $28.00 was also charged. Sold a freezer to Sam Lee. Issued sales slip for $810 plus sales tax of $40.50. Gave Mary Wilson an allowance for scratches on her refrigerator sold on May 5. Issued credit memorandum for $157.50, Which includes $7.50 of sales tax. Sold a television to Jill Hanna. Issued sales slip for $300 plus sales tax of $15.00. Sold two ovens to Steve Ferguson. Issued sales slip for $130 plus sales tax of $6.50. Accepted a return of a defective oven from Steve Ferguson. The oven was originally sold on May 20. Issued credit memorandum for $68.25, which included sales tax of $3.25 Prepare journal entries to record the above transactions. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 Note: Enter debits before credits. 5 following... 6 Sold a refrigerator to Mary Wilson that had a retail price of $560. Sales tax of $28.00 was also charged. < Prev 2 of 66 # Next > >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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