Read the description of following transactions that are required during the accounting period for Mario´s Electronics. Determine the account and amount to be debited and the account and amount to be credited.
A. Sold $2,200 in merchandise on credit. The transaction did not involve sales tax.
B. Gave a $600 allowance to a credit customer for damaged merchandise. The original sale was subject to 8% sales tax
C. Received a check for $200 from a credit customer on account.
D. Sold $200 in merchandise for cash. The transaction is subject to 8% sales tax
E. Accepted a return of $100 in merchandise from a credit customer. The original sale was subject to 8% sales tax.

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The Answer of Read the description of following transactions that are required during the accounting period for Mario´s Electronics. Determine the account and amount to be debited and the account and amount to be credited.
A. Sold $2,200 in merchandise on credit. The transaction did not involve sales tax.
B. Gave a $600 allowance to a credit customer for damaged merchandise. The original sale was subject to 8% sales tax
C. Received a check for $200 from a credit customer on account.
D. Sold $200 in merchandise for cash. The transaction is subject to 8% sales tax
E. Accepted a return of $100 in merchandise from a credit customer. The original sale was subject to 8% sales tax.

Read the Description of Following Transactions That Are Required During