Sales Taxes During August the Hill Sales Company had these summary transactions: 1. Cash sales of $210,000,
Question:
1. Cash sales of $210,000, subject to sales taxes of 6%
2. Sales on account of $260,000, subject to sales taxes of 6%
3. Paid the sales taxes to the state
Required
Prepare journal entries to record the preceding transactions.
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1 Cash 222600 Sales 210000 Sales Taxes Paya...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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