Record the following transactions of fashion park in a general journal. fashion park must charge 8 percent sales tax on all sales. date transactions 2019 april 2 sold merchandise for cash, $2,500 plus sales tax. 3 the customer purchasing merchandise for cash on april 2 returned $250 of the merchandise; provided a cash refund to the customer. 4 sold merchandise on credit to jordan clark; issued sales slip 908 for $1,050 plus tax, terms n/30. 6 accepted return of damaged merchandise from jordan clark; issued credit memorandum 302 for $150 plus tax. the original sale was made on sales slip 908 of april 4. 30 received payment on account from jordan clark in payment of her purchase of april 4, less the return on april 6.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

An object that is clicked on and takes the presentation to a new targeted file is done through a