Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 19, 2024

Johnson Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $38,160. The sales tax rate is

Johnson Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $38,160. The sales tax rate is 6%. Prepare the journal entry to record sale.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Managerial Accounting

Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen

8th edition

1259917061, 978-1259917066

More Books

Students also viewed these Accounting questions

Question

★★★★★

Listed below are the numbers of words spoken in a day by each member of six different couples. The data are randomly selected from the first two columns in Data Set 24 "Word Counts" in Appendix B. a....

Answered: 1 week ago

Question

★★★★★

Please explain You are considering a 20 -year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. If you require an "effective" calculations. Round your answer to the...

Answered: 1 week ago

Question

★★★★★

Use the Intensive Care Unit data set to answer the following: (a) Fit the logistic regression interaction model with vital status (STA) as the response variable with age (AGE), CPR prior to admission...

Answered: 1 week ago

Question

★★★★★

A manufacturer of pens has hired an advertising agency to develop an advertising campaign for the upcoming holiday season. To prepare for this project, the research director decides to initiate a...

Answered: 1 week ago

Question

★★★★★

1. Determine the total variable costs and the total fixed costs for the current year. Total variable costs $ Total fixed costs $ 2. Determine (a) the unit variable cost and (b) the unit contribution...

Answered: 1 week ago

Question

★★★★★

Governance plays a critical role in project success. Discuss?

Answered: 1 week ago

Question

★★★★★

A daily magazine stand contractor has newspaper stands along various stations on a train route. The demand for magazines is normally distributed and comes from three different forecasting models....

Answered: 1 week ago

Question

★★★★★

A photo frame production line operates 10 hours per day, 5 days per week and can produce 230 televisions per hour. In a typical day, employees have two 30-minute coffee breaks and one 1-hour lunch...

Answered: 1 week ago

Question

★★★★★

FAST DELIVERY SERVICES delivers packages in the city area and hires drivers to make deliveries. Variable costs has been budgeted and an average standard time has been established to make a delivery....

Answered: 1 week ago

Question

★★★★★

Calculate a 90% confidence level. What is the T-Confidence level? Column1 Mean 29347.5 Standard Error 5974.512153 Median 25325 Mode #N/A Standard Deviati 18893.06631 Sample Variance 356947954.7...

Answered: 1 week ago

Question

★★★★★

Accounting break-even Unit price Unit variable cost 18,980 $103 ? Fixed costs Depreciation $425,860 $372,118 What is the Unit Variable Cost? Note: Do not put the $ sign and only use two decimal...

Answered: 1 week ago

Question

★★★★★

what are the proposed problem statements for the research study title "IMPROVING PALM OIL PLANTATION ORGANIZATION MANAGEMENT EFFICIENCY IN ACQUIRING PALM OIL SUSTAINABLE CERTIFICATIONS BY ADOPTING...

Answered: 1 week ago

Question

★★★★★

5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

Answered: 1 week ago

Question

★★★★★

3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.

Answered: 1 week ago

Question

★★★★★

1. The first party (the sender) may dispute the validity of the interpretation, or 2. He/she can accept the interpretation.

Answered: 1 week ago

Previous Question Next Question