Question
BE10.3 (LO 1) Coghlan Auto Supply does not segregate sales and sales taxes at the time of its cash sales. The register total for
BE10.3 (LO 1) Coghlan Auto Supply does not segregate sales and sales taxes at the time of its cash sales. The register total for March 16 is 16,380. All sales are subject to a 5% sales tax. Compute sales taxes payable, and make the entry to record sales taxes payable and sales revenue.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
978-0077862275
