Question
During December, Far West Services makes a $3,400 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%.
During December, Far West Services makes a $3,400 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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Financial Accounting A User Perspective
Authors: Robert E. Hoskin, Maureen R. Fizzell, Donald C. Cherry
4th Canadian Edition
0470834455, 978-0470834459
