Use the following transactions to answer the questions. Use a 6% sales tax rate. Total ar rule the sales journal. Jan. 3 Sold merchandise on account to J. J. Johnson, $1,500, plus sales tax. 7 Sold merchandise on account to C. Lopez, $2,100, plus sales tax. 14 Issued credit memorandum to J. J. Johnson for $530, including sales tax of = 19 Sold merchandise on account to H. Hertz, $700, plus sales tax. 29 Sold merchandise on account to G. Cardolo, $1,100, plus sales tax. Prepare the sales journal using the above transactions, as appropriate. SALES JOURNAL Page 1 Accounts Sales Tax Receivable Sales Payable Date Sale No. To Whom Sold Post. Ref. Debit Credit Credit Jan. 3 J. J. Johnson 7. C. Lopez 19 H. Hertz 29 G. Cardolo
Use the following transactions to answer the questions. Use a 6% sales tax rate. Total ar rule the sales journal. Jan. 3 Sold merchandise on account to J. J. Johnson, $1,500, plus sales tax. 7 Sold merchandise on account to C. Lopez, $2,100, plus sales tax. 14 Issued credit memorandum to J. J. Johnson for $530, including sales tax of = 19 Sold merchandise on account to H. Hertz, $700, plus sales tax. 29 Sold merchandise on account to G. Cardolo, $1,100, plus sales tax. Prepare the sales journal using the above transactions, as appropriate. SALES JOURNAL Page 1 Accounts Sales Tax Receivable Sales Payable Date Sale No. To Whom Sold Post. Ref. Debit Credit Credit Jan. 3 J. J. Johnson 7. C. Lopez 19 H. Hertz 29 G. Cardolo
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the following transactions to answer the questions. Use a 6% sales tax rate. Total and
rule the sales journal.
Jan. 3
Sold merchandise on account to J. J. Johnson, $1,500, plus sales tax.
Sold merchandise on account to C. Lopez, $2,100, plus sales tax.
14
Issued credit memorandum to J. J. Johnson for $530, including sales tax of $30.
19
Sold merchandise on account to H. Hertz, $700, plus sales tax.
29
Sold merchandise on account to G. Cardolo, $1,100, plus sales tax.
Prepare the sales journal using the above transactions, as appropriate.
SALES JOURNAL
Page 1
Accounts
Sales Tax
Receivable
Sales
Payable
Date Sale No. To Whom Sold Post. Ref.
Debit
Credit
Credit
Jan. 3
J. J. Johnson
7
C. Lopez
19
H. Hertz
29
G. Cardolo
Prepare the general journal using the above transactions, as appropriate. If an amount box
does not require, leave it blank.
Page: 1
POST.
DATE
DESCRIPTION
DEBIT CREDIT
REF.
1 Jan. 14
2.
3
3
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