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5. Show journal entries for the following transactions: a. Food sales for the day amounted to...

5. Show journal entries for the following transactions:

a. Food sales for the day amounted to $1,050

b. liquor sales amounted to $900 on cash and $600 on account.

c. Storeroom purchase of liquor totalling $1,200 is charged by the operation to an open account.

d. Paid for advertising $850

e. Sales report for the day was as follows:

Room sales $5,000

Food 2,200

Beverage 700

Sales tax 300

Cash and credit card payments received 6,700

In-house credit cards 1,500

Business   Accounting   
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