The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement...
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The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 percent sales tax on all sales: DATE TRANSACTIONS 2exi May 1 sold merchandise on account to Bill Gomez; issued Sales Slip 1915 for $1,6e plus 8 percent sales tax, terms n/30. 15 Recorded cash sales, $4,000 plus 8 percent sales tax. 31 Received payment on account due from Bill Gomez for the sale on May 1. Required: Record the above transactions in a general journal: View transaction list Journal entry worksheet 1 2 3 Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,600 plus 8 percent sales tax, terms n/30. Note: Enter debits before credits Date General Journal Debit Credit May 1, 20X1 Record entry Clear entry View general journal The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 percent sales tax on all sales: DATE TRANSACTIONS 2exi May 1 Sold merchandise on account to Bill Gomez; issued Sales Slip 1915 for $1,6e plus 8 percent sales tax, terms n/30. 15 Recorded cash sales, $4,200 plus 8 percent sales tax. 31 Received payment on account due from Bill Gomez for the sale on May 1. Required: Record the above transactions in a general journal: View transaction list Journal entry worksheet Received payment on account due from Bill Gomez for the sale on May 1. Note: Enter debits before credits General Journal Debit Credit Date May 31, 20X1 Record entry Clear entry View general journal
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