Sales Tax} Weinstein Cellular provides wireless phone service. During April 2018, it billed a customer a total
Question:
Sales Tax}
Weinstein Cellular provides wireless phone service. During April 2018, it billed a customer a total of \(\$ 135,000\) before taxes. Weinstein also must pay the harmonized sales \(\operatorname{tax}\) of \(13 \%\) on these charges.
\section*{Required:}
Assuming Weinstein collects this tax from the customer, what journal entry would Weinstein make when the customer pays the bill? Assume that the customer paid their bill on the same day they received the bill from Weinstein Cellular.
\section*{OBJECTIVE 2}
Exercise
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Related Book For
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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