Question
Compute the sales tax and the credit card expense for this purchase and record the journal entry. $80 sale with a 5% sales tax rate
Compute the sales tax and the credit card expense for this purchase and record the journal entry.
$80 sale with a 5% sales tax rate
2% discount fee on credit card
Why is sales tax payable an important account to maintain?
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Blockchain Technology In Accounting And Auditing
Authors: Prof Oleksandr Melnychenko
1st Edition
1976900328, 978-1976900327
