Question
How do I start to prepare journal entry for this question? The balances of certain accounts of Brittany Corporation on April 30, 2019, were as
How do I start to prepare journal entry for this question?
The balances of certain accounts of Brittany Corporation on April 30, 2019, were as follows:
Sales$220,000
Sales Returns and Allowances$2,000
The firm's net sales are subject to a 6 percent sales tax. How to prepare the general journal entry to record payment of the sales tax payable on April 30, 2019?
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
