All That Jazz Music Store Had the Following Transactions During

question 95

Essay

All That Jazz Music Store had the following transactions during the month of August 2019. Record the transactions on page 15 of a sales journal and page 18 of a general journal. Total, prove, and rule the sales journal as of August 31.
Aug. 5 Sold a violin to Jim Stombres. Issued Sales Slip 515 for $6,500 plus sales tax of $325.
6 Sold a trombone to Kevin Folk. Issued Sales Slip 516 for $1,800 plus sales tax of $90.
8 Gave Jim Stombres an allowance for scratches on his violin sold on August 5, Sales Slip 515. Issued Credit Memorandum 318 for $105, which includes $5.00 of sales tax.
15 Sold a trumpet to Jason Streng. Issued Sales Slip 517 for $2,500 plus sales tax of $125.
20 Sold a synthesizer to Samuel Jacks. Issued Sales Slip 518 for $175 plus sales tax of $8.75.
25 Accepted a return of a defective synthesizer from Samuel Jacks. The synthesizer was originally sold on August 20, Sales Slip 518. Issued Credit Memorandum 319 for $183.75, which includes sales tax of $8.75.

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Definitions:

Marketing Department

A division within a company focused on developing and implementing strategies to promote and sell the company's products or services.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing ethical operations and contributing to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.

Beyond Compliance

Refers to businesses going above the legal requirements to be more socially responsible and environmentally friendly.

Environmentally Friendly

Practices or products that have a minimal impact on the environment, often emphasizing sustainability and conservation of resources.