Question
Following are some event that Alkhaleej Inc. did in 2015, 1- On September 10, Alkhaleej Inc. had a sale of $100,000 and it collected
Following are some event that Alkhaleej Inc. did in 2015, 1- On September 10, Alkhaleej Inc. had a sale of $100,000 and it collected the sales tax from the customer on behalf of the government. Sales tax rate was 5% 2- Alkhaleej Inc. rented one of its plants to another company for 6 month and received the full amount of $60,000 in advance. Required: Prepare the appropriate transactions for the above events.
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
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