Business, 20.06.2020 16:57 jdkrisdaimcc11

Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold $640,000 of merchandise on account, subject to a sales tax of 7%. The cost of the goods sold was $385,000. If an amount box does not require an entry, leave it blank. b. Paid $61,750 to the state sales tax department for taxes collected. If an amount box does not require an entry, leave it blank.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:30, atefah88

List at least two policies or procedures your company can use to protect the health and safety of employees

Answers: 1

continue

Business, 21.06.2019 16:50, kayla2945

The bonds issued by the south foot bear a coupon rate of 7.5 percent, payable semiannually. the bonds mature in 6.5 years, sell at par, and have a $1,000 face value. what is the yield to maturity

Answers: 3

continue

Business, 22.06.2019 16:00, angelinaranee15

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Answers: 1

continue

Business, 22.06.2019 16:40, kat1191

Job applications give employers uniform information for all employees, making it easier to

Answers: 1

continue

You know the right answer?

Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold...