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Hello I have few questions that I need help with. Please give me correct answer and step by step solution please. And also please double
Hello I have few questions that I need help with. Please give me correct answer and step by step solution please. And also please double check the answer and step by step solution please. 1) A sales discount is accounted for in the bookkeeping as a: A)contra-account to sales discounts. B)credit to revenue. C)debit to sales. D)contra-account to revenue. 2)sales tax is paid by the: A)business. B)employees of a business. C)federal government. D)customer. 3)which of the following statements about COD sales is true? A)they're journalized in a contra-account to revenue B)transportation costs aren't included C)they're recorded as of the date they occur D)sales aren't recorded on the date they occur 4)in June, Larissa makes another cash sale of 5 ''Beach Bum" and 5 "Ski Bum" T-Shirts at a price of $11 per shirt. She is also offering this customer a loyalty discount of 20%. However this time, the discount applies only to the "Ski Bum" T-shirts because the "Beach Bum" shirts are hot sellers in the summertime. Sales tax in the state is 8%. What is the total amount due? A)$95.04 B)$112.10 C)$106.92 D)$100.18 5)Harris is running a greens business providing a organic spinach, kale, and lettuce to specialty stores in the area. On October 1 he has 25 units in stock at a cost per unit of $2.25. On October 7, he purchases 25 more for $2.75 per unit. On October 31, he purchases 30 more for $2.85 per unit. He sells nearly all of them leaving only 5 in inventory. What is his total cost of units? A)$200.50 B)$220.75 C)$210.50 D)$205.25
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