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    General Ledgers: DAVE'S WILDLIFE RESORT

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    Dave's Wildlife Resort

    101 Cash 401 Sales

    111 Accounts Receivable 451 Sales Returns and Allowances

    231 Sales Tax Payable

    May 1. Sold Merchandise on credit; the transaction involved sales tax.
    2. Received checks from credit customers on account.
    3. Accepted a return on merchandise from credit customers; the original sale involved sales tax.

    4. Sold merchandise for cash; the transaction involved sales tax.
    5. Gave an allowance to a credit customer for damaged merchandise; the original sale involved sales tax.
    6. Provided a cash refund to a customer who returned merchandise; the original sale was me for cash and involved sales tax.

    Indicate the numbers on the general ledger account that would be debited and credited to record each transaction.

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    https://brainmass.com/business/t-accounts/general-ledgers-daves-wildlife-resort-185497

    Solution Preview

    The problem asks you to identify the accounts, through numbers, that will be affected by the ...

    Solution Summary

    The expert examines general ledger accounts for Dave's Wildlife resorts.

    $2.19