1. On July 15, Fruita Co. sold $13,000 of merchandise (costing $6,500) for cash. The...
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Accounting
1. On July 15, Fruita Co. sold $13,000 of merchandise (costing $6,500) for cash. The sales tax rate is 4%. On August 1, Fruita sent the sales tax collected from the sale to the government. Record entries for the July 15 and August 1 transactions 2. On November 3, the Bolder Bucks sold a six game pack of advance tickets for $390 cash. On November 20, the Bucks played the first game of the six game pack (this represented one-sixth of the advance ticket sales). Record the entries for the November 3 and November 20 transactions, View transaction list Journal entry worksheet 2 3 4 1 5 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits Debit Credit General Journal Date Jul 15 View general Journal Clear entry Record entry

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