1. LESSON 10-1 Journalizing Sales on Account Using a Sales Journal
5/25/2019
LESSON 10-1
Journalizing Sales on Account Using a Sales Journal

2. SALES TAX
page 270
Classified as: Liability
LESSON 10-1

3. SALES JOURNAL *Used only to record Sales on Account (to customers)
page 272
Total amount due =
(Sale + Tax)
Customer’s Name who bought on acct.
Amount of the sale
Tax amount only
*Used only to record Sales on Account (to customers)
LESSON 10-1

4. SALES INVOICE
page 272
Purpose – to detail sales purchased on account by customers
LESSON 10-1

5. SALE ON ACCOUNT
page 273
November 3. Sold merchandise on account to Village Crafts, $540.00, plus sales tax, $32.40; total, $ Sales Invoice No. 76. 1 2 3 4 5 6
1. Write the date.
2. Write the customer name.
3. Write the sales invoice number.
4. Write the total amount owed by the customer.
5. Write the sales amount.
6. Write the sales tax amount.
LESSON 10-1

6. TOTALING, PROVING, AND RULING A SALES JOURNAL
page 274
LESSON 10-1

7. TERMS REVIEW
page 275
customer
sales tax
sales journal
LESSON 10-1