| The Appliance Store began operations March 1, 2019. The firm sells its merchandise for cash and on open account. Sales are subject to a 6 percent sales tax. During March, The Appliance Store engaged in the following transactions: |
| DATE | TRANSACTIONS |
| 1-Mar | Sold merchandise on credit to Dave Allen; issued Sales Slip 101 for $600 plus sales tax of $36. |
| 4-Mar | Sold merchandise on credit to Castor Phan; issued Sales Slip 102 for $950 plus sales tax of $57. |
| 12-Mar | Sold merchandise on credit to Chris Hughes; issued Sales Slip 103 for $1,100 plus sales tax of $66. |
| 15-Mar | Recorded cash sales for the period from March 1 to March 15 of $5,700 plus sales tax of $342. |
| 25-Mar | Sold merchandise on credit to Brian Cooley; issued Sales Slip 104 for $900 plus sales tax of $54. |
| 28-Mar | Received a check from Castor Phan of $310 to apply toward his account. |
| 31-Mar | Recorded cash sales for the period from March 16 to March 31 of $2,600 plus sales tax of $156. |
| 31-Mar | Received payment in full from Dave Allen for the sale of March 1. |
| Required: |
| 1. Record the transactions in a general journal. |
| 2. Post the entries from the general journal to the appropriate general ledger accounts. |
| GENERAL LEDGER ACCOUNTS |
| 101 | Cash | 221 | Sales Tax Payable |
| 111 | Accounts Receivable | 401 | Sales |
| Analyze: | What were the total cash receipts during March? |
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