Exceptional Electronics began operations September 12019 The

Exceptional Electronics began operations September 1,2019. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales tax. During September, Exceptional Electronics engaged in the following transactions DATE 2019 TRANSACTIONS Sept. 1 Sold a high-definition television set on credit to Candy Cho issued Sales Slip 101 for $2,400 plus sales tax of $168. 102 for $900 plus sales tax of $63. 3 Sold stereo equipment on credit to Jim Peterson: issued Sales Slip 7 Sold a microwave oven on credit to Bridgette Huffman: issued Sales Slip 103 for $200 plus sales tax of $i4 ccepted return of defective stereo equipment from Jim Peterson issued Credit Memorandum 101 for $200 plus sales tax of $14. The stereo equipment was sold on September 3 12 A 15 Recorded cash sales for the period from September 1 to September 16 Sold a gas dryer on credit to Kathy Sundstrand: issued Sales s1ip 17 Sold a home 18 Received $700 from Candy Cho on account 15 of $10, 800 plus sales tax of $756. 104 for $500 plus sales tax of $35 Sales Slip 105 for $2,400 plus sales tax of s168. September 3, less the return of September 12, entertainment system on credit to Mark Navalta; issued 20 Received payment in 25 Gave Mark Navalta an allowance because of scratches on his home entertainment system sold on September 17, Credit Memorandum 102 for $200 plus sales tax of $14 Received payment in full from Bridgette Huffman for the sale of September 7 Sales S1ip 105: issued 27 29 Soid a dishwasher on eredit to Mark Navalta issued Sales S1ip 106 30 Recorded cash sales for the period from September 16 to September for $600 plus sales tax of $42 30 of $11,100 plus sales tax of $777. GENERAL LEDGER ACCOUNTS

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Ans.

GENERAL LEDGER

S,No.	DATE	DISCRIPTIONS	REF.No.	DEBIT	CREDIT
1.	01/09/2019	Accounts Recivable- Candy Cho	101	2568
		To HD Television			2400
		To Sales Tax Payable @ 7%			168
2.	03/09/2019	Accounts Recivable-Jim Peterson	102	963
		To Stereo Equipment			900
		To Sales Tax Payable @ 7%			63
3.	07/09/2019	Accounts Recivable-Bridgette Huffman	103	214
		To Microwave oven			200
		To Sales Tax Payable @ 7%			14
4.	12/09/2019	Stereo Equipment	101	200
		Sales Tax Payable @ 7%		14
		To Accounts Recivable -Jim Peterson			214
5.	15/09/2019	Cash		11556
		To Sales			10800
		To Sales Tax Payable @ 7%			756
6.	16/09/2019	Accounts Recivable-Kathy Sundstand	104	535
		To Gas Dryer			500
		To Sales Tax Payable @ 7%			35
7.	17/09/2019	Accounts Recivable-Mark Navalta	105	2568
		To Home Entertainment System			2400
		To Sales Tax Payable @ 7%			168
8.	18/09/2018	Cash		700
		To Accounts Recivable - Candy Cho			700
9.	20/09/2018	Cash		749
		To Accounts Recivable -JimPeterson			749
10.	25/09/2019	Home Entertainment System	102	214
		To Accounts Recivable-Mark Navalta			214
11.	27/09/2019	Cash		214
		To Accounts Recivable-Bridgette Huffman			214
12.	29/09/2019	Accounts Recivable-Mark Navalta	106	642
		To Dishwasher			600
		To Sales Tax Payable @7%			42
13.	30/09/2019	Cash		11877
		To Sales			11100
		To Sales Tax Payable @ 7%			777