Problem: Record the following transactions of Lisa's Fashion Boutique in a general journal. Lisa's Fashion Boutique operates in a state with 8% sales tax.
DATE - TRANSACTIONS
2019 Feb 2 Sold merchandise for cash totaling $3,000 to customers using bank credit cards. Record the 2 percent discount on credit card sales at time of sale.
2019 Feb 15 Sold merchandise totaling $2,600 to customers using American Express.
2019 Feb 20 Received amount due from American Express, less their 3 percent discount, for sales made by customers using American Express on February 15.
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