The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 percent sales tax on all sales:…

Recorded cash sales, $5,800 plus 8 percent sales tax. 

May 31 . Received payment on account due from Bill Gomez for the sale on May 1.

Journal entry worksheet

1- Sold merchandise on account to Bill Gomez; issued Sales Slip 1015 for $1,200 plus 8 percent sales tax, terms n/30.

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!":

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