FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A retailer recorded the following in June: cash sales $2100, credit sales $9100 sale returns and allowances $1100. Assuming the sales tax rate is 8

A retailer recorded the following in June: cash sales $2100, credit sales $9100 sale returns and allowances $1100. Assuming the sales tax rate is 8 percent, the entry to record the sales tax payment includes a debit to sales tax payable for ? multiple choice $560 $ 637 $808 $784

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information for Decisions

Financial Accounting Information for Decisions

Authors: John Wild

7th edition

78025893, 978-0078025891

More Books

Students also viewed these Accounting questions

Question

★★★★★
Mark, age 28, is insured under an individual medical expense policy that is part of a preferred provider organization (PPO) network. The policy has a calendar-year deductible of $1000, 75/25 percent...

Answered: 1 week ago

Question

★★★★★
OVERHEAD APPLICATION, OVERHEAD VARIANCES Tavera Company uses a standard cost system. The direct labor standard indicates that six direct labor hours should be used for every unit produced. Tavera...

Answered: 1 week ago

Question

★★★★★
22. Suppose that independent trials, each of which is equally likely to have any of m possible outcomes, are performed until the same outcome occurs k consecutive times. If N denotes the number of...

Answered: 1 week ago

Question

★★★★★
The National Occupant Protection Use Survey (NOPUS) was conducted to provide probability-based data on motorcycle helmet use in the United States. The survey was conducted by sending observers to...

Answered: 1 week ago

Question

★★★★★
Assume Gillette Corporation will pay an annual dividend of $0.64 one year from now. Analysts expect this dividend to grow at 12.6% per year thereafter until the 44th year. Thereafter, growth will...

Answered: 1 week ago

Question

★★★★★
3. In economic theory the interest rate for borrowing or lending represent the market equilibrium (2 points) true false 3. In economic theory the interest rate for borrowing or lending represent the...

Answered: 1 week ago

Question

★★★★★
The following accounts and their balances appear in the general ledger of NEWBERRY PROPERTIES INC. on June 30, 2017: Preferred stock, 2%, $75 par...........................................1,350,000...

Answered: 1 week ago

Question

★★★★★
Problem 11: The principal stresses at a point in a solid: = 60 MPa, = 35 MPa, 3 = 15 MPa Obtain (a) the maximum shearing stress and (b) the normal and shearing stresses on the octahedral plane.

Answered: 1 week ago

Question

★★★★★
Julia works with you at Happyville Community Centre. You have been friends with Julia for many years, whom you met at high school. You have worked together for about five years. Julia gets on well...

Answered: 1 week ago

Question

★★★★★
Discuss reasons why therapists tend to avoid the unspoken emotional messages in clients' narratives, and "embedded messages" about the therapeutic relationship, rather than approach and address them?...

Answered: 1 week ago

Question

★★★★★
Toward the end of a game of Scrabble, you hold five tiles with the letters A, E, P, R, and S. In how many ways can you arrange these five letters (whether or not they form actual words)

Answered: 1 week ago

Question

★★★★★
PLEASE PUT THE ANSWERS CLEAR AS POSSIBLE, THANK YOU. Find the average rate of change of the function over the given intervals. f(x) = 2x +2; a) [6,8], b) [-4,4] a) The average rate of change of the...

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: benchmark-ing, competence development, thought dispositions, identity and perception.

Answered: 1 week ago

Question

★★★★★
Is it necessary to change something in your everyday life in order for you to achieve the goal?

Answered: 1 week ago

Question

★★★★★
What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

Answered: 1 week ago

Previous Question Next Question