Current Attempt in Progress Oriole Corp. was unable to use the cash registers at one of its stores for one day. The staff at that store asked customers to pay only the price listed on the items purchased and did not charge customers HST at 13% because doing so would take up too much time. All sales were by cash or credit card that day and the total amount received from customers amounted to $16,400. Prepare the journal entry to record the sales and HST payable for that day. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.) Account Titles Cash Sales Sales Tax Payable Debit 16400 Credit

Current Attempt in Progress Oriole Corp. was unable to use the cash registers at one of its stores for one day. The staff at that store asked customers to pay only the price listed on the items purchased and did not charge customers HST at 13% because doing so would take up too much time. All sales were by cash or credit card that day and the total amount received from customers amounted to $16,400. Prepare the journal entry to record the sales and HST payable for that day. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.) Account Titles Cash Sales Sales Tax Payable Debit 16400 Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 1PA: On June 30, Oscar Inc.s bookkeeper is preparing to close the books for the month. The accounts...

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On June 30, Oscar Inc.s bookkeeper is preparing to close the books for the month. The accounts receivable control total shows a balance of $2,820.76, but the accounts receivable subsidiary ledger shows total account balances of $2,220.76. The accounts receivable subsidiary ledger is shown here. Can you help find the mistake?
Carla Vista's cash register tape showed sales of $59,000 on June 16 for charges to customers' MasterCards. The bank charges a service fee of 3%. Prepare the entry to record MasterCard credit card sales. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jun. 16 Debit Credit
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