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

question 48

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 15.

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Definitions:

Modified Mercalli Intensity

A scale for measuring the intensity of an earthquake based on its observed effects on people, buildings, and the Earth's surface.

Richter Magnitude

The Richter magnitude scale is a numeric scale used to express the energy released by an earthquake, with each whole number representing a tenfold increase in measured amplitude.

P-Waves

Primary waves, or compressional waves, are the fastest seismic waves and can travel through both solid and liquid layers of the Earth.

S-Waves

Secondary waves, or shear waves, are a type of seismic waves that move the ground perpendicular to the direction of wave propagation.