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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Correct Answer:
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