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Business, 08.04.2021 23:50 jmanrules200

Prepare journal entries for the following transactions. Oct. 5 Sold merchandise on account to B. Farnsby for $290 plus sales tax of 4%. 8 Sold merchandise on account to F. Preetee for $230 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 11 F. Preetee returned merchandise purchased on October 8 for $40 plus sales tax for credit. 17 F. Preetee paid the balance due on her account. 18 B. Farnsby returned merchandise purchased on October 5 for $70 plus sales tax for credit. 20 B. Farnsby paid the balance due on his account. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank.\

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Prepare journal entries for the following transactions. Oct. 5 Sold merchandise on account to B. Far...
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