For example, if your company purchases a piece of machinery with a sticker price of $10,000, which requires payment of a 5-percent sales tax, or $500, plus a delivery charge of $500 -- all three ...

How to Record a Journal Entry for a Sale on an Account. If you extend credit accounts to your company's customers, ... Some sales don't collect any or all money at the time of the purchase.

Difference between "Chargebacks" and "Adjustment" journal entries. Generally, a chargeback entry will be used when the primary function of a department is providing goods or services. In other cases, ...