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During the Month of September, the Following Transactions Occurred $1,400\$ 1,400

question 40

Essay

During the month of September, the following transactions occurred. The applicable sales tax rate is 6%. Enter the transactions in the general journal. Sept. 2 Sold merchandise on account to Sam Larson, $1,400\$ 1,400 , plus sales tax.
7 Sold merchandise on account to David Mitchell, $1,900\$ 1,900 , plus sales tax.
12 Issued credit memorandum to Sam Larson for $689\$ 689 , including sales tax of $39\$ 39 .
22 Sold merchandise on account to Matt Feustal, $500\$ 500 , plus sal es tax.
28 Sold merchandise on account to Ana Cardona, $850\$ 850 , plus sales tax. ​  During the month of September, the following transactions occurred. The applicable sales tax rate is 6%. Enter the transactions in the general journal. Sept. 2 Sold merchandise on account to Sam Larson,  \$ 1,400 , plus sales tax. 7 Sold merchandise on account to David Mitchell,  \$ 1,900 , plus sales tax. 12 Issued credit memorandum to Sam Larson for  \$ 689 , including sales tax of  \$ 39 . 22 Sold merchandise on account to Matt Feustal,  \$ 500 , plus sal es tax. 28 Sold merchandise on account to Ana Cardona,  \$ 850 , plus sales tax. ​


Definitions:

Custom Duties

Taxes imposed on the import and export of goods between countries.

Procedural Due Process

Legal doctrine that requires the government to follow fair procedures before depriving a person of life, liberty, or property.

Entitlements

Benefits or rights granted by law, such as Social Security in the United States.

Social Security

A government program that provides financial assistance to people who are retired, disabled, or survivors of deceased workers.

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