Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $280 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $200 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit. 13 S. Miller paid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. 1 2 3 4 5 6 7 8 9 DATE ACCOUNT TITLE 20-- Aug. 4 Aug. 6 Page: 1 Aug. 10 DOC. POST. NO. REF. DEBIT CREDIT 1 2 3 6 8 9
Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $280 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $200 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit. 13 S. Miller paid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. 1 2 3 4 5 6 7 8 9 DATE ACCOUNT TITLE 20-- Aug. 4 Aug. 6 Page: 1 Aug. 10 DOC. POST. NO. REF. DEBIT CREDIT 1 2 3 6 8 9
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
![Prepare journal entries for the following transactions.
Aug. 4 Sold merchandise on account to S. Miller for $280 plus sales tax of 4%, with 2/10, n/30 cash discount terms.
6 Sold merchandise on account to K. Krtek for $200 plus sales tax of 4%.
10 S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit.
13 S. Miller paid the balance due on her account.
15 K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit.
20 K. Krtek paid the balance due on his account.
1
2
3
4
5
LO
6
7
8
9
DATE ACCOUNT TITLE
20--
Aug. 4
Aug. 6
Page: 1
Aug. 10
DOC. POST.
NO. REF.
DEBIT CREDIT
1
2
3
456789
Previous
Next](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F81fafe1a-b0c3-42e8-845c-4bf03e322fa9%2F216c91db-a8a0-4118-beca-bf2927e61c7e%2Ffhgf9o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Prepare journal entries for the following transactions.
Aug. 4 Sold merchandise on account to S. Miller for $280 plus sales tax of 4%, with 2/10, n/30 cash discount terms.
6 Sold merchandise on account to K. Krtek for $200 plus sales tax of 4%.
10 S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit.
13 S. Miller paid the balance due on her account.
15 K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit.
20 K. Krtek paid the balance due on his account.
1
2
3
4
5
LO
6
7
8
9
DATE ACCOUNT TITLE
20--
Aug. 4
Aug. 6
Page: 1
Aug. 10
DOC. POST.
NO. REF.
DEBIT CREDIT
1
2
3
456789
Previous
Next
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