Question
Erfurt Company sold merchandise for which it received total cash payments of $1,316,100. A 7% sales tax was included in the total cash payments. The
Erfurt Company sold merchandise for which it received total cash payments of $1,316,100. A 7% sales tax was included in the total cash payments. The proper amount to record as sales would be:
a.$1,284,000
b.$1,223,973
c.$1,230,000
d.$1,408,227
Thank you guys!
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CISA Certified Information Systems Auditor Study Guide Aligned With The CISA Review Manual 2019 To Help You Audit Monitor And Assess Information Systems
Authors: Hemang Doshi
1st Edition
1838989587, 978-1838989583
