Question

Cash sales in the amount of $4,752, ($4,400 plus 352 sales taxes) were deposited at Second Bank: 20 tool kits, $1,700; 18 hardware sets $2,700.

1. Date of Transaction is:  Use 00/00/00 format.
2. Journal used:  xxxx Journal
3. Journal Entry

   Debit - Account #  , Account Name:  and Amount of Entry (Use format $x,xxx.xx)

   Debit - Account #  , Account Name:  and Amount of Entry (Use format $x,xxx.xx)

   Debit - Account #  , Account Name:  and Amount of Entry (Use format $x,xxx.xx)

   Credit - Account #  , Account Name:  and Amount of Entry (Use format $x,xxx.xx)

   Credit - Account #  , Account Name:  and Amount of Entry (Use format $x,xxx.xx)

   Credit - Account #  , Account Name:  and Amount of Entry (Use format $x,xxx.xx)

   Credit - Account #  , Account Name:  and Amount of Entry (Use format $x,xxx.xx

   Credit - Account #  , Account Name:  and Amount of Entry (Use format $x,xxx.xx)

Answer 1

Journal entries for the given transactions are followed as below:

Journal entry for cash sales
Date		Account Title and Explanation	Ref.	Debit                ($)	Credit               ($)
01/01/2019		Cash a/c		$ 4,400.00
		Sales tax payable a/c		$     352.00
		To sales a/c			$ 4,752.00
		(Being cash sales made and accounted in the books)
Journal entry for deposit of cash in the bank
Date		Account Title and Explanation	Ref.	Debit                ($)	Credit               ($)
02/01/2019		Bank a/c		$ 4,400.00
		To Cash a/c			$ 4,400.00
		(Being cash collected in cash sales were deposited in bank)
Journal entry for payment of sales tax collected to government
Date		Account Title and Explanation	Ref.	Debit                ($)	Credit               ($)
07/01/2019		Sales Tax a/c		$     352.00
		To Sales tax payable a/c			$     352.00
		(Being sales tax collected in cash sales was paid to government)
Journal entry for purchase of Tool kits
Date		Account Title and Explanation	Ref.	Debit                ($)	Credit               ($)
02/01/2019		Tool Kit a/c		$ 1,700.00
		To Cash a/c			$ 1,700.00
		(Being Tool kits purchased for cash)
Journal entry for purchase of Hardware sets
Date		Account Title and Explanation	Ref.	Debit                ($)	Credit               ($)
02/01/2019		Hardware set a/c		$ 2,700.00
		To Cash a/c			$ 2,700.00
		(Being hardware sets purchased for cash)