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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