26) Prepare the necessary general journal entry for July 16, Sold merchandise on account with an invoice price of $5,000 to the Taylor Co.

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27) Prepare the necessary general journal entry for July 20.

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28) Prepare the necessary general journal entry for July 25.

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29) Prepare the necessary general journal entry for July 28.

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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 13Sold merchandise priced at $500 to Jan Ellsworth on account.

April 14Sold merchandise priced at $350 to a cash customer.

April 15Sold merchandise priced at $150 to Dana Carter on account.

April 16Sold merchandise priced at $700 to a cash customer.

April 20The customer of April 14 returned $50 worth of merchandise for a cash refund.

April 25Received full payment from Dana Carter.

April 30Paid the amount of sales tax to the state.

 

30) Prepare the necessary general journal entry for April 13.

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