Chapter 7 Homework Saved 2 Record the following transactions of Fashion Designs in a general...
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Accounting
Chapter 7 Homework Saved 2 Record the following transactions of Fashion Designs in a general journal. Assume 8 percent for sales tax: DATE TRANSACTIONS 2016 April 2 Sold merchandise for cash, $1,300 plus sales tax. points 3 The customer purchasing merchandise for cash on April 2 returned $100 of the 4 Sold merchandise on credit to Tisha Lee; issued Sales Slip 908 for $850 plus 6 Accepted return of damaged merchandise from Tisha Lee; issued Credit merchandise; provided a cash refund to the customer tax, terms n/30. Memorandum 302 for $50 plus tax. The original sale was made on Sales Slip eBook Hint Print 908 of April 4 30Received payment on account from Tisha Lee in payment of her purchase of April 4, less the return on April 6 View transaction list
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