The Dairy Co $\$ 500$ To Jan Ellsworth on Account $\$ 350$

question 88

Essay

The Dairy Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general journal entries. All sales are subject to a 6% sales tax.
April 13 Sold merchandise priced at $\$ 500$ to Jan Ellsworth on account.
April 14 Sold merchandise priced at $\$ 350$ to a cash customer.
April 15 Sold merchandise priced at $\$ 150$ to Dana Carter on account.
April 16 Sold merchandise priced at $\$ 700$ to a cash customer.
April 20 The customer of April 14 returned $\$ 50$ worth of merchandise for a cash refund.
April 25 Received full payment from Dana Carter.
April 30 Paid the amount of sales tax to the state.
-Prepare the necessary general journal entry for April 13.

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Definitions:

Psychodynamic Perspective

A psychological approach that emphasizes unconscious psychological processes (for example, wishes and fears of which we're not fully aware), and contends that childhood experiences are crucial in shaping adult personality.

Functionalists

Scholars who focus on the function or purpose of societal institutions and processes for the maintenance of a society.

Structuralists

Early psychologists who analyzed the basic elements of thoughts and sensations to understand the structure of the mind.

Psychoanalysts

Professionals who practice psychoanalysis, a therapeutic technique originally developed by Sigmund Freud to explore the unconscious mind.