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2 (2 points) Swanson Corporation paid $660 of sales tax to the state on September 30. Journalize this transaction. Debit Credit 3. (4 points) Match

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2 (2 points) Swanson Corporation paid $660 of sales tax to the state on September 30. Journalize this transaction. Debit Credit 3. (4 points) Match the methodology used to report the contingency with the likelihood of a future event. How to report contingency a. No entry: no note disclosure b. Record expense and liability based on estimated amounts c. Describe in note disclosure only Likelihood of future event Remote Reasonably possible Probable; amount cannot be estimated Probable; amount can be estimated

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