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  3. iii. journal entries: (10 points) record the follo

III. Journal Entries: (10 points) Record the following transactions for a cash basis business a....

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Accounting

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III. Journal Entries: (10 points) Record the following transactions for a cash basis business a. On January 17 Martin invoiced a client $2,500 for work performed. Martin added on $4.166% to the bill. The client immediately wrote out a check payable to Martin for $2,604.15. b. On January 28 Martin invoiced another client $3,250 for work performed. Martin added on 4.166% to the bill. The client immediately wrote out a check payable to Martin for $3,385.40. c. Martin pays his GE tax on a monthly basis. On February 20 Martin completes his GET Tax Return and mails in his check for the general excise tax due on February 20. (He only has the two sales receipts for January). POST REF DATE DESCRIPTION DEBIT CREDIT IOMESA

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