Lisa's Fashion Boutique operates in a state with 8 percent sales tax on all sales....

80.2K

Verified Solution

Question

Accounting

imageimageimage

Lisa's Fashion Boutique operates in a state with 8 percent sales tax on all sales. DATE TRANSACTIONS 20x1 Feb. 2 Sold merchandise totaling $2,888 to customers using bank credit cards. Record the 5 percent discount on credit card sales at time of sale. 15 Sold merchandise totaling $3,600 to customers using American Express. 20 Received amount due from American Express, less their 6 percent discount, for sales made by customers using American Express on February 15. Required: Record the above transactions of Lisa's Fashion Boutique in a general journal. (Round your Intermediate calculations and final answers to 2 decimal places.) a View transaction list Journal entry worksheet Sold merchandise totaling $2,800 plus tax to customers using bank credit cards. Record the 5 percent discount on credit card sales at time of sale. Note: Enter debits before credits Date General Journal Debit Credit Feb 2, 20X1 Record entry Clear entry View general journal Lisa's Fashion Boutique operates in a state with 8 percent sales tax on all sales. DATE TRANSACTIONS 29x1 Feb. 2 Sold merchandise totaling $2,888 to customers using bank credit cards. Record the 5 percent discount on credit card sales at time of sale. 15 Sold merchandise totaling $3,680 to customers using American Express. 20 Received amount due from American Express, less their 6 percent discount, for sales made by customers using American Express on February 15. Required: Record the above transactions of Lisa's Fashion Boutique in a general journal. (Round your Intermediate calculations and final answers to 2 decimal places.) View transaction list Journal entry worksheet Sold merchandise totaling $3,500 to customers using American Express. Note: Enter debits before credits. Date General Journal Debit Credit Feb 15, 20X1 Record entry Clear entry View general journal Lisa's Fashion Boutique operates in a state with 8 percent sales tax on all sales. DATE TRANSACTIONS 20x1 Feb. 2 Sold merchandise totaling $2,888 to customers using bank credit cards. Record the 5 percent discount on credit card sales at time of sale. 15 Sold merchandise totaling $3,688 to customers using American Express. 20 Received amount due from American Express, less their 6 percent discount, for sales made by customers using American Express on February 15. Required: Record the above transactions of Lisa's Fashion Boutique in a general journal. (Round your Intermediate calculations and final answers to 2 decimal places.) View transaction list Journal entry worksheet Received amount due from American Express, less their 6 percent discount, for sales made by customers using American Express on February 15. Note: Enter debits before credits. Date General Journal Debit Credit Feb 20, 20X1 Record entry Clear entry View general journal

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students