The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement...
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Accounting
The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 percent sales tax on all sales:
DATE TRANSACTIONS 20Xl
1) May 1 Sold merchandise on account to Bill Gomez.; issued Sales Slip 1015 for $1,000 plus percent sales tax, terms n/30. 2) May 15 Recorded cash sales, $2,800 plus 8 percent sales tax. 3) May 31 Received payment on account due from Bill Gomez for the sale on May 1.
Required: Print Record the above transactions in a general journal...
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