Web Page Service billed its customers a total of $980,400 for the month of August, including 9

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Web Page Service billed its customers a total of $980,400 for the month of August, including 9 percent federal excise tax and 5 percent sales tax.

1 . Determine the proper amount of service revenue to report for the month.

2. Prepare an entry in journal form to record the revenue and related liabilities for the month. E-5

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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Question Posted: Jun 12, 2024 10:12 AM

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Web Page Service billed its customers a total of $980,400 for the month of August, including 9

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Financial Accounting

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