Lisa's Fashion Boutique operates in a state with 8 percent sales tax on all sales. DATE TRANSACTIONS 20X1 Feb. 2 Sold merchandise totaling $3,700 to customers using bank credit cards. Record the 11 percent discount on credit card sales at time of sale. 15 Sold merchandise totaling $3,200 to customers using American Express. 20 Received amount due from American Express, less their 12 percent discount, for sales made by customers using American Express on February 15. Required: Record the above transactions of Lisa’s Fashion Boutique in a general journal. (Round your intermediate calculations and final answers to 2 decimal places.)
Lisa's Fashion Boutique operates in a state with 8 percent sales tax on all sales. DATE TRANSACTIONS 20X1 Feb. 2 Sold merchandise totaling $3,700 to customers using bank credit cards. Record the 11 percent discount on credit card sales at time of sale. 15 Sold merchandise totaling $3,200 to customers using American Express. 20 Received amount due from American Express, less their 12 percent discount, for sales made by customers using American Express on February 15. Required: Record the above transactions of Lisa’s Fashion Boutique in a general journal. (Round your intermediate calculations and final answers to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Lisa's Fashion Boutique operates in a state with 8 percent sales tax on all sales.
| DATE | TRANSACTIONS | |
| 20X1 | ||
| Feb. | 2 | Sold merchandise totaling $3,700 to customers using bank credit cards. Record the 11 percent discount on credit card sales at time of sale. |
| 15 | Sold merchandise totaling $3,200 to customers using American Express. | |
| 20 | Received amount due from American Express, less their 12 percent discount, for sales made by customers using American Express on February 15. |
Required:
Record the above transactions of Lisa’s Fashion Boutique in a general journal. (Round your intermediate calculations and final answers to 2 decimal places.)
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