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The Dairy Co $500\$ 500 To Jan Ellsworth on Account $350\$ 350

Question 112

Essay

The Dairy Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general journal entries. All sales are subject to a 6% sales tax.
April 13 Sold merchandise priced at $500\$ 500 to Jan Ellsworth on account.
April 14 Sold merchandise priced at $350\$ 350 to a cash customer.
April 15 Sold merchandise priced at $150\$ 150 to Dana Carter on account.
April 16 Sold merchandise priced at $700\$ 700 to a cash customer.
April 20 The customer of April 14 returned $50\$ 50 worth of merchandise for a cash refund.
April 25 Received full payment from Dana Carter.
April 30 Paid the amount of sales tax to the state.
-Prepare the necessary general journal entry for April 30.
 The Dairy Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general journal entries. All sales are subject to a 6% sales tax. April 13 Sold merchandise priced at  \$ 500  to Jan Ellsworth on account. April 14 Sold merchandise priced at  \$ 350  to a cash customer. April 15 Sold merchandise priced at  \$ 150  to Dana Carter on account. April 16 Sold merchandise priced at  \$ 700  to a cash customer. April 20 The customer of April 14 returned  \$ 50  worth of merchandise for a cash refund. April 25 Received full payment from Dana Carter. April 30 Paid the amount of sales tax to the state. -Prepare the necessary general journal entry for April 30.

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