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During the month of January 2019, ABC company total sales was equal to $12,000 including sales tax. Based on the above given information, answer the
During the month of January 2019, "ABC" company total sales was equal to $12,000 including sales tax.
Based on the above given information, answer the following questions, assuming the sales tax rate is equal to 10%:
1.What is the amount that must presented as a sales tax expense on the Income statement for the month of January?
2.What is the amount that must presented as a sales revenue on the Income statement for the month of January?
3.What is the amount that must be presented as a Sales Tax Payable as on 31/1/2019:
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