The sales journal for Carothers Company is shown below. SALES JOURNAL DateSales Slip No.Customer Name Post.Ref. AccountsReceivableDebitSales taxPayableCreditSalesCreditDec.1 824 Jim Danta 3,212 312 2,900 7 825 Tom Tome 645 45 600 22 826 Sue Wasco 666 66 600 31 Totals 4,523 423 4,100 Show how the amounts would be posted to the general ledger accounts.

Ledger accounts are used in initial step in accounting cycle process. General ledger accounts are…

Answered: The sales journal for Carothers Company…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

The sales journal for Carothers Company is shown below.

SALES JOURNAL
Date	Sales Slip No.	Customer Name		Post. Ref.		Accounts Receivable Debit	Sales tax Payable Credit	Sales Credit
Dec.	1		824		Jim Danta				3,212	312	2,900
	7		825		Tom Tome				645	45	600
	22		826		Sue Wasco				666	66	600
	31				Totals				4,523	423	4,100

Show how the amounts would be posted to the general ledger accounts.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Sales Tax, Restaurant Tax and Lodging Taxes

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions