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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

Question Posted: