May : A/R – J. Adams — 2,120 Sales — 2,000 Sales Tax Payable — 120 JOURNALIZING SALES TRANSACTIONS E

May : A/R – J. Adams — 2,120 Sales — 2,000 Sales Tax Payable — 120
JOURNALIZING SALES TRANSACTIONS Enter the following transactions in a general journal. Use a 6% sales tax rate. Sold merchandise on account to J. Adams, $2,000 plus sales tax. Sale No. 488. May 1 4 Sold merchandise on account to B. Clark, $1,800 plus sales tax. Sale No. 489 8 Sold merchandise on account to A. Duck, $1,500 plus sales tax. Sale No. 490 11 Sold merchandise on account to E. Hill, $1,950 plus sales tax. Sale No. 491

 

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