JOURNALIZING SALES, SALES RETURNS AND ALLOWANCES, AND CASH RECIEPTS. Prepare jounral entries for the
JOURNALIZING SALES, SALES RETURNS AND ALLOWANCES, AND CASH RECIEPTS. Prepare jounral entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $320 plus sales tax of 4%, with 2/10, n/30 cash discount terms 6 Sold merchandise on account to K. Krtek for $210 plus sales tax of 4% 10 S. Miller returned merchandise purchased on August 4 for $20 plus sales tax for credit 13 S. Miller rpaid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit. 20 K. Krtek paid the balance due on his account.
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