7.2
Identifying the accounts used to record sales and related transactions.
The transactions below took place at Juan's Sporting Goods, a retail business that sells ourdoor clothing and camping equipment. Indicate the numbers of the general ledgar accounts that would be debited and credited to record each transaction.

GENERAL LEDGER ACCOUNTS
101 Cash
111 Accounts Receivable
231 Sales Tax Payable
401 Sales
451 Sales Returns and Allowances

May 1 Sold merchandise on credit; the transaction involved sales tax
May 2 Received checks from credit customers on account
May 3 Accepteda return of merchandise from a credit customer; the original sale involved sales tax
May 4 Sold merchandise for cash; the transaction involved sales tax
May 5 Gave an allowance to a credit customer for damaged merchandise; the original sale involved sales tax
May 6 Provided a cash refund to a customer who returned merchandise; the original sale was made for cash and involved sales tax