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Business, 16.07.2019 17:10 tchou163

The appliance store began operations march 1, 2019. the firm sells its merchandise for cash and on open account. sales are subject to a 6 percent sales tax. during march, the appliance store engaged in the following transactions: date transactions 2019 march 1 sold merchandise on credit to dave allen; issued sales slip 101 for $500 plus sales tax of $30. 4 sold merchandise on credit to castor phan; issued sales slip 102 for $950 plus sales tax of $57. 12 sold merchandise on credit to chris hughes; issued sales slip 103 for $1,050 plus sales tax of $63. 15 recorded cash sales for the period from march 1 to march 15 of $6,500 plus sales tax of $390. 25 sold merchandise on credit to brian cooley; issued sales slip 104 for $900 plus sales tax of $54. 28 received a check from castor phan of $230 to apply toward his account. 31 recorded cash sales for the period from march 16 to march 31 of $3,400 plus sales tax of $204. 31 received payment in full from dave allen for the sale of march 1. required: record the transactions in a general journal. post the entries from the general journal to the appropriate general ledger accounts.

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