Moped, Inc. sold merchandise for cash to Molly's Mopeds for $312, plus sales tax of $25. What is the journal entry for Moped, Inc. to record this transaction?
Debit Cash, $337; Credit Sales, $312, Sales Tax Payable, $25.
Debit Accounts Receivable/Molly's Mopeds, $337; Credit Sales $312, Sales Tax Payable, $25.
Debit Accounts Receivable/Molly's Mopeds, $337; Credit Cash, $337.
Debit Sales, $312, Sales Tax Payable, $25; Credit Accounts Receivable/ Molly's Mopeds, $337.
The Toy Box sold merchandise for cash to Great Gift Boxes for $265, plus sales tax of $20. What is the journal entry for The Toy Box to record this transaction?
Debit Cash, $285; Credit Sales, $265, Sales Tax Payable, $20.
Debit Cash, $285; Credit Accounts Receivable/Great Gift Boxes, $285.
Debit Accounts Receivable/Great Gift Boxes, $285; Credit Cash, $285.
Debit Sales, $265, Sales Tax Payable, $20; Credit Cash, $285.
Marvin's Motorcycles received $125 cash from Stewart's Rides for payment on his account. Stewart's Rides took a $25 sales discount for paying early. What is the journal entry for Marvin's Motorcycles to record this transaction?
Debit Cash, $125; debit Sales Discounts $25; credit Accounts Receivable/Stewart's Rides, $150.
Debit Cash, $125; credit Sales Discounts $25; credit Accounts Receivable/Stewart's Rides, $100.
Debit Accounts Receivable/Stewart's Rides, $150, credit Cash, $125;credit Sales Discounts $25.
Debit Sales Discounts $25; Debit Accounts Receivable/Stewart's Rides, $100; credit Cash, $125.
ABC Computers received $489 cash from Quality Electronics for payment on account. What is the journal entry for ABC Computers to record this transaction?
Debit Accounts Receivable/Quality Electronics, $489; credit Cash, $489.
Debit Sales, $489; credit Accounts Receivable/Quality Electronics, $489.
Debit Cash, $489; credit Accounts Receivable/Quality Electronics, $489.
Debit Accounts Receivable/Quality Electronics, $489; credit Sales, $489.
Murphy Hardware sold merchandise for cash to Tim Thompson for $813, plus sales tax of $56. Mr. Thompson later returned the merchandise. What is the journal entry for Murphy Hardware to record the returned merchandise?
Debit Accounts Receivable/Tim Thompson, $869; Credit Sales Returns and Allowances, $813, Sales Tax Payable, $56.
Debit Cash, $869; Credit Sales Returns and Allowances, $813, Sales Tax Payable, $56.
Debit Sales Returns and Allowances, $813, Sales Tax Payable, $56; Credit Cash, $869.
Debit Sales Returns and Allowances, $813, Sales Tax Payable, $56; Credit Accounts Receivable/Tim Thompson, $869.
Lucy's Famous Mexican Food sold merchandise for $26, plus sales tax of $1, to Craig Morton, who paid for the merchandise with a bank credit card at the time of the sale. What is the journal entry for Lucy's Famous Mexican Food to record this transaction?
Debit Cash, $27; Credit Sales, $26, Sales Tax Payable, $1.
Debit Accounts Receivable/Craig Morton, $27; Credit Sales $26, Sales Tax Payable, $1.
Debit Sales, $26, Sales Tax Payable, $1; Credit Cash, $27.
Debit Sales, $26, Sales Tax Payable, $1; Credit Accounts Receivable/Craig Morton, $27.
Pesky Termite received $85 cash from Bad Wood Hotel for payment on account. What is the journal entry for Pesky Termite to record this transaction?
Debit Accounts Receivable/Bad Wood Hotel, $85; credit Cash, $85.
Debit Sales, $85; credit Cash, $85.
Debit Cash, $85; credit Accounts Receivable/Bad Wood Hotel, $85.
Debit Cash, $85; credit Sales, $85.
Patty's Party Favors accepted returned merchandise purchased on account by The Wedding Planners for, $613, plus sales tax of $48. What is the journal entry for Patty's Party Favors to record this transaction?
Debit Accounts Receivable/The Wedding Planners, $661; Credit Sales Returns and Allowances, $613, Sales Tax Payable, $48.
Debit Accounts Payable/The Wedding Planners, $661; Credit Purchases Returns and Allowances, $661.
Debit Sales Returns and Allowances, $613, Sales Tax Payable, $48; Credit Accounts Receivable/The Wedding Planners, $661.
Debit Sales Returns and Allowances, $613, Sales Tax Payable, $48; Credit Accounts Payable/The Wedding Planners, $661.
Always On Electric received $177 cash from Emma Smith for payment on account. What is the journal entry for Always On Electric to record this transaction?
Debit Accounts Receivable/Emma Smith, $177; credit Cash, $177.
Debit Sales, $177; credit Accounts Receivable/Emma Smith, $177.
Debit Cash, $177; credit Accounts Receivable/Emma Smith, $177.
Debit Accounts Receivable/Emma Smith, $177; credit Sales, $177.
Marty's Supply sold merchandise for cash to Karl's CD's for $325, plus sales tax of $27. What is the journal entry for Marty's Supply to record this transaction?
Debit Cash, $352; Credit Sales, $325, Sales Tax Payable, $27.
Debit Accounts Receivable/Karl's CD's, $352; Credit Sales $325, Sales Tax Payable, $27.
Debit Sales, $325, Sales Tax Payable, $27; Credit Cash, $352.
Debit Sales, $325, Sales Tax Payable, $27; Credit Accounts Receivable/Karl's CD's, $352.
Bill's Grocery sold merchandise on account to Jones High Booster Club for $237. What is the journal entry for Bill's Grocery to record this transaction?
Debit Accounts Payable/Jones High Booster Club, $237; Credit Sales $237.
Debit Accounts Receivable/Jones High Booster Club, $237; Credit Sales $237.
Debit Sales $237; Credit Accounts Payable/Jones High Booster Club, $237.
Debit Sales $237; Credit Accounts Receivable/Jones High Booster Club, $237.
American Steel accepted returned merchandise purchased on account by Sky Builders for, $14,450, plus sales tax of $1,100. What is the journal entry for American Steel to record this transaction?
Debit Accounts Receivable/Sky Builders, $15,550; Credit Sales Returns and Allowances, $14,450, Sales Tax Payable, $1,100.
Debit Accounts Receivable/Sky Builders, $15,550; Credit Sales, $15,550.
Debit Sales Returns and Allowances, $14,450, Sales Tax Payable, $1,100; Credit Accounts Receivable/Sky Builders, $15,550.
Debit Sales, $15,550; Credit Accounts Receivable/Sky Builders, $15,550.
Food Supply received $320 cash from Pancake Hut for payment on account. What is the journal entry for Food Supply to record this transaction?
Debit Accounts Receivable/Pancake Hut, $320; credit Cash, $320.
Debit Sales, $320; credit Accounts Receivable/Pancake Hut, $320.
Debit Cash, $320; credit Accounts Receivable/Pancake Hut, $320.
Debit Accounts Receivable/Pancake Hut, $320; credit Sales, $320.
Quick Supply sold office supplies for cash to Jet Set Travel for $45, plus sales tax of $3. What is the journal entry for Quick Supply to record this transaction?
Debit Cash, $48; Credit Sales, $45, Sales Tax Payable, $3.
Debit Accounts Receivable/Jet Set Travel, $48; Credit Sales $45, Sales Tax Payable, $3.
Debit Accounts Receivable/Jet Set Travel, $48; Credit Cash, $48.
Debit Sales, $45, Sales Tax Payable, $3; Credit Accounts Receivable/Jet Set Travel, $48.
Busters' Department Store sold merchandise for $65, plus sales tax of $4, to Jake Coble who charged the sale on his bank credit card. Mr. Coble later returned the merchandise. What is the journal entry for Busters' Department Store to record the returned merchandise?
Debit Accounts Receivable/Jake Coble, $69; Credit Sales Returns & Allowances, $65, Sales Tax Payable, $4.
Debit Cash, $69; Credit Sales Returns and Allowances, $65, Sales Tax Payable, $4.
Debit Sales Returns and Allowances, $65, Sales Tax Payable, $4; Credit Cash, $69.
Debit Sales Returns and Allowances, $65, Sales Tax Payable, $4; Credit Accounts Receivable/Jake Coble, $69.
Heart Medical received $544 cash from Corner Market for payment on account. Corner Market took a $26 discount for paying early. What is the journal entry for Heart Medical to record this transaction?
Debit Cash, $544; debit Sales Discounts $26; credit Accounts Receivable/ Corner Market, $570.
Debit Cash, $544; credit Sales Discounts $26; credit Accounts Receivable/ Corner Market, $518.
Debit Accounts Receivable/Corner Market, $570, credit Cash, $544;credit Sales Discounts $26.
Debit Sales Discounts $26; Debit Accounts Receivable/Corner Market, $518; credit Cash, $544.
The Trough Restaurant received $195 cash from 1st Bank for payment on account. What is the journal entry for The Trough Restaurant to record this transaction?
Debit Accounts Receivable/1st Bank, $195; credit Cash, $195.
Debit Sales, $195; credit Cash, $195.
Debit Cash, $195; credit Sales, $195.
Debit Cash, $195; credit Accounts Receivable/1st Bank, $195.
The All Wet Pet House sold Quiet Pets, fish on account for $145, plus sales tax of $10. What is the journal entry for The All Wet Pet House to record this transaction?
Debit Accounts Receivable/Quiet Pets, $155; Credit Sales, $145, Sales Tax Payable, $10.
Debit Accounts Receivable/Quiet Pets, $155; Credit Purchases $155.
Debit Sales, $145, Sales Tax Payable, $10; Credit Accounts Receivable/Quiet Pets, $155.
Debit Purchases, $155; Credit Accounts Receivable/Quiet Pets, $155.
The Toy Shop sold merchandise to Spirit Church for $41 cash. What is the journal entry for The Toy Shop to record this transaction?
Debit Cash, $41; Credit Sales, $41.
Debit Accounts Receivable/Spirit Church, $41; Credit Sales $41.
Debit Sales, $41; Credit Cash, $41.
Debit Sales, $41; Credit Accounts Receivable/Spirit Church, $41.
City Utilities received $118 cash from Cody Waters for payment on account. Cody Waters took a $3 discount for paying early. What is the journal entry for City Utilities to record this transaction?
Debit Cash, $118; credit Sales Discounts $3; credit Accounts Receivable/Cody Waters, $115.
Debit Accounts Receivable/Cody Waters, $121, credit Cash, $118;credit Sales Discounts $3.
Debit Sales Discounts $3; Debit Accounts Receivable/Cody Waters, $115; credit Cash, $118.
Debit Cash, $118; debit Sales Discounts $3; credit Accounts Receivable/ Cody Waters, $121.
