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a. During Year 6, ECU Corporation receives $535,000 CASH from customers equal to the selling price of goods plus sales tax. The total SALES REVENUE
a. During Year 6, ECU Corporation receives $535,000 CASH from customers equal to the selling price of goods plus sales tax. The total SALES REVENUE is equal to $500,000. The amount of the SALES TAX PAYABLE is equal to 7% of the selling price. Phrase 1st: Account Category Affect Dr. or Cr. AL SERE contra + Dr Cr 2nd: 3rd: AL SERE contra Dr Cr AL SERE contra Dr Cr Date Accounts Debit Credit
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Becoming An Unstoppable Woman In Finance 29 Strategic Financial Experts
Authors: Hanna Olivas, Adriana Luna Carlos, Heather Stokes, Lisa Chastain, Jennifer Lara, Shannon Lavenia, Althia Lopez, Heather Jackson, Annette Morris, Rebecca Chandler
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