Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dextra Computing sells merchandise for $18,000 cash on September 30 (cost of merchandise is $10,800). Dextra collects 2% sales tax. Record the entry for

image text in transcribed

Dextra Computing sells merchandise for $18,000 cash on September 30 (cost of merchandise is $10,800). Dextra collects 2% sales tax. Record the entry for the $18,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15. View transaction list Journal entry worksheet 1 2 3 Record the cash sales and 2% sales tax. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Clear entry Record entry View general journal Prev 2 of 10 Next > >

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_2

Step: 3

blur-text-image_3

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

Fundamental Managerial Accounting Concepts

Authors: Edmonds, Tsay, olds

6th Edition

71220720, 78110890, 9780071220729, 978-0078110894

More Books

Students also viewed these Accounting questions

Question

What might explain why TFP difers so much across countries

Answered: 1 week ago