Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man, who pays in cash. The sale is subject to a 9.75 percent sales tax. Prepare the revenue portion of the journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man, who pays in cash. The sale is subject to a 9.75 percent sales tax. Prepare the revenue portion of the journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 10SPA: SALES TRANSACTIONS J. K. Bijan owns a retail business and made the following sales on account during...
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Knowledge Check 01
On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man, who pays in cash.
The sale is subject to a 9.75 percent sales tax.
Prepare the revenue portion of the journal entry by selecting the account names from the drop-down menus and entering the dollar
amounts in the debit or credit columns.
Journal entry worksheet
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Transcribed Image Text:30s
View transaction list
0:00 1:30
Knowledge Check 01
On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man, who pays in cash.
The sale is subject to a 9.75 percent sales tax.
Prepare the revenue portion of the journal entry by selecting the account names from the drop-down menus and entering the dollar
amounts in the debit or credit columns.
Journal entry worksheet
U
1
144
< Prev
O
S
3
4
Q.
1x
O P
CC
of 7
Next >
>
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