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DATE TRANSACTIONS 20X1 ept. 1 Sold a high-definition television set on credit to Cindy Chin; issued Sales Slip 101 for $1,200 plus sales tax of $84. 3 Sold stereo equipment on credit to Bob Perez; issued Sales Slip 102 for $1,400 plus sales tax of $98. 7 Sold a microwave oven on credit to Bobbi Huber; issued Sales slip 103 for $250 plus sales tax of $17.50. 12 Accepted return of defective stereo equipment from Bob Perez; issued Credit Memorandum 101 for $10 plus sales tax of $7. The stereo equipment was sold on September 3. 15 Recorded cash sales for the period from September 1 to September 15 of $9,400 plus sales tax of $658. 16 Sold a gas dryer on credit to Katie Kilgore; issued Sales Slip 104 for $600 plus sales tax of $42. 17 Sold a home entertainment system on credit to James Washington; issued Sales Slip 105 for $1,300 plus sales tax of $91. 18 Received $784 from Cindy Chin on account. 20 Received payment in full from Bob Perez for the sale of September 3, less the return of September 12. 25 Gave James Washington an allowance because of scratches on his home entertainment system sold on September 17, Sales Slip 105; issued Credit Memorandum 102 for $100 plus sales tax of $7. 27 Received payment in full from Bobbi Huber for the sale of September 7. 29 Sold a dishwasher on credit to James Washington; issued Sales Slip 106 for $800 plus sales tax of $56. 30 Recorded cash sales for the period from September 16 to September 30 of $12,100 plus sales tax of $847. SENERAL LEDGER ACCOUNTS 101 Cash 401 Sales 111 Accounts Receivable 421 Sales Returns and Allowances 221 Sales Tax Payable

DATE TRANSACTIONS 20X1 ept. 1 Sold a high-definition television set on credit to Cindy Chin; issued Sales Slip 101 for $1,200 plus sales tax of $84. 3 Sold stereo equipment on credit to Bob Perez; issued Sales Slip 102 for $1,400 plus sales tax of $98. 7 Sold a microwave oven on credit to Bobbi Huber; issued Sales slip 103 for $250 plus sales tax of $17.50. 12 Accepted return of defective stereo equipment from Bob Perez; issued Credit Memorandum 101 for $10 plus sales tax of $7. The stereo equipment was sold on September 3. 15 Recorded cash sales for the period from September 1 to September 15 of $9,400 plus sales tax of $658. 16 Sold a gas dryer on credit to Katie Kilgore; issued Sales Slip 104 for $600 plus sales tax of $42. 17 Sold a home entertainment system on credit to James Washington; issued Sales Slip 105 for $1,300 plus sales tax of $91. 18 Received $784 from Cindy Chin on account. 20 Received payment in full from Bob Perez for the sale of September 3, less the return of September 12. 25 Gave James Washington an allowance because of scratches on his home entertainment system sold on September 17, Sales Slip 105; issued Credit Memorandum 102 for $100 plus sales tax of $7. 27 Received payment in full from Bobbi Huber for the sale of September 7. 29 Sold a dishwasher on credit to James Washington; issued Sales Slip 106 for $800 plus sales tax of $56. 30 Recorded cash sales for the period from September 16 to September 30 of $12,100 plus sales tax of $847. SENERAL LEDGER ACCOUNTS 101 Cash 401 Sales 111 Accounts Receivable 421 Sales Returns and Allowances 221 Sales Tax Payable

FINANCIAL ACCOUNTING
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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DATE TRANSACTIONS 20X1 ept. 1 Sold a high-definition television set on credit to Cindy Chin; issued Sales Slip 101 for $1,200 plus sales tax of $84. 3 Sold stereo equipment on credit to Bob Perez; issued Sales Slip 102 for $1,400 plus sales tax of $98. 7 Sold a microwave oven on credit to Bobbi Huber; issued Sales Slip 103 for $250 plus sales tax of $17.50. 12 Accepted return of defective stereo equipment from Bob Perez; issued Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment was sold on September 3. 15 Recorded cash sales for the period from September 16 Sold a gas dryer on credit 17 Sold a home entertainment system on credit to James Washington; issued Sales slip 105 for $1, 300 plus sales tax of $91. 18 Received $784 from Cindy Chin on account. 20 Received payment in full from Bob Perez for the sale of September 3, less the return of September 12. 25 Gave James Washington an allowance because of scratches on his home entertainment system sold on September 17, Sales slip 105; issued Credit Memorandum 102 for $100 plus sales tax of $7. 27 Received payment in full from Bobbi Huber for the sale of September 7. 29 Sold a dishwasher on credit to James Washington; issued Sales Slip 106 for $800 plus sales tax of $56. to September 15 of $9,400 plus sales tax of $658. Katie Kilgore; issued Sales Slip 104 for $600 plus sales tax of $42. 30 Recorded cash sales for the period from September 16 to September 30 of $12,100 plus sales tax of $847. SENERAL LEDGER ACCOUNTS 101 Cash 111 Accounts Receivable 221 Sales Tax Payable 401 Sales 421 Sales Returns and Allowances ACCOUNTC
Transcribed Image Text:DATE TRANSACTIONS 20X1 ept. 1 Sold a high-definition television set on credit to Cindy Chin; issued Sales Slip 101 for $1,200 plus sales tax of $84. 3 Sold stereo equipment on credit to Bob Perez; issued Sales Slip 102 for $1,400 plus sales tax of $98. 7 Sold a microwave oven on credit to Bobbi Huber; issued Sales Slip 103 for $250 plus sales tax of $17.50. 12 Accepted return of defective stereo equipment from Bob Perez; issued Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment was sold on September 3. 15 Recorded cash sales for the period from September 16 Sold a gas dryer on credit 17 Sold a home entertainment system on credit to James Washington; issued Sales slip 105 for $1, 300 plus sales tax of $91. 18 Received $784 from Cindy Chin on account. 20 Received payment in full from Bob Perez for the sale of September 3, less the return of September 12. 25 Gave James Washington an allowance because of scratches on his home entertainment system sold on September 17, Sales slip 105; issued Credit Memorandum 102 for $100 plus sales tax of $7. 27 Received payment in full from Bobbi Huber for the sale of September 7. 29 Sold a dishwasher on credit to James Washington; issued Sales Slip 106 for $800 plus sales tax of $56. to September 15 of $9,400 plus sales tax of $658. Katie Kilgore; issued Sales Slip 104 for $600 plus sales tax of $42. 30 Recorded cash sales for the period from September 16 to September 30 of $12,100 plus sales tax of $847. SENERAL LEDGER ACCOUNTS 101 Cash 111 Accounts Receivable 221 Sales Tax Payable 401 Sales 421 Sales Returns and Allowances ACCOUNTC
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