Collecting a customer’s invoice in full, in cash

Transaction

Last month a store sold merchandise on account for $360.00 plus 6% sales tax. Today the customer comes to the store and pays the full amount owed in cash.

Assumptions: Sales tax 6%. The sale and its sales tax were recorded last month. No discount is given.

Accounts

Tap an account, then choose Debit or Credit and type the amount. × removes a line.

Debit

No lines yet. Choose an account above.

Credit

No lines yet. Choose an account above.

Debits $0.00Credits $0.00