‘Hackensack Hotel collects 7% in city sales taxes on roomrentals. Sales taxes for each month are due at the end of thefollowing month. Hackensack Hotel had $300 in sales in November.What journal entry did Hackensack Hotel record to reflect thecollection of the sales taxes for future remittance to the taxauthority?

Dr. Cash -- $21

Cr. Revenue -- $21

Dr. Sales tax expense -- $21

Cr. Sales taxes payable -- $21

2-

Big Brother Corp. issues 500 shares of common stock with a $0.50par value. The issue price of the stock is $9 per share. Thecompany paid $150 in issuance costs directly from the proceeds ofthe share sale. What is the journal entry required to record theissuance of the? shares?

(Select all that apply.)

Cr. Additional Paid-In Capital -- $4250

Dr. Cash -- $4250

Dr. Cash -- $4500

Cr. Common Stock At Par -- $150

Cr. Additional Paid-In Capital -- $4350

Cr. Additional Paid-In Capital -- $4100

Cr. Common Stock At Par -- $250

Dr. Cash -- $4350