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 > >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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.
the following...
5
6
4
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 www
Next](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa454c8d9-8113-4596-aba6-6b9ead294dd4%2F0d28f851-68bb-4f2b-97aa-57f2823fff3b%2F5wcr2p_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.
the following...
5
6
4
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 www
Next
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