Journalizing Sales, Sales Returns and Allowances, and Cash Receipts
Prepare journal entries for the following transactions.
| Aug. 4 | Sold merchandise on account to S. Miller for $400 plus sales tax of 4%, with 2/10, n/30 cash discount terms. | |
| 6 | Sold merchandise on account to K. Krtek for $180 plus sales tax of 4%. | |
| 10 | S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit. | |
| 13 | S. Miller paid the balance due on her account. | |
| 15 | K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit. | |
| 20 | K. Krtek paid the balance due on his account. |