Record the following transactions of Lisas Fashion Boutique in a general journal. Lisa's Fashion Boutique...
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Accounting
Record the following transactions of Lisas Fashion Boutique in a general journal. Lisa's Fashion Boutique operates in a state with 8% sales tax. (Round your intermediate calculations and final answers to 2 decimal places): DATE TRANSACTIONS 2019 Feb. 2 Sold merchandise for cash totaling $5,000 to customers using bank credit cards. Record the 18 percent discount on credit card sales at time of sale. 15 Sold merchandise totaling $2,000 to customers using American Express. 20 Received amount due from American Express, less their 19 percent discount, for sales made by customers using American Express on February 15.
Journal entry worksheet
- Sold merchandise for cash totaling $5,000 to customers using bank credit cards. Record the 18 percent discount on credit card sales at time of sale.
Note: Enter debits before credits.
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