ACCT302 - INTERMEDIATE ACCOUNTING II hboard / My courses / 2021 - Spring / Faculty of Business Administration / Accounting / S2.1-ACCT302 / Week 9 / Exam Current and Utilities estion 1 Teneb 1.0735 ered od out of a question Hudson Hotel collects 15% in city sales taxes on room rentaks, in addition to a $2 per room, per night, occupancy tax Sales taxes for each month we out at the end of the following month, and occupancy taxes are due fifteen days after the end of each calendar quarter. On lanuary 3, 2004. Hution paid in November 2001 sales taxes and its fourth quarter 2003 occupancy tastes. Additional information pertaining to Hudson's operations is 2003 Room rentals Room night October $100,000 1.100 November 110,000 1,200 December 150,000 1800 What amounts should Hudson report as sales taxes payable and occupancy taxes payable in its December 31, 2003 balance sheet O a Soles taxes $39,000, Occupancy taxes $8.200 Ob Sales taxes $39,000, Occupancy taxes 56,000 Oc Sales taxes $54.000 Occupancy taves 56,000 Od Sales taxes $54.000 Occupancy taxes $8,200 Next page C1 Racondine Type here to search ORI Believe