Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 16, 2024

Kathy's Corner Store has total cash sales for the month of $34,000 excluding sales taxes. If the sales tax rate is 44%, which journal entry

Kathy's Corner Store has total cash sales for the month of $34,000 excluding sales taxes. If the sales tax rate is 44%, which journal entry is needed? (Ignore Cost of Goods Sold.)

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

Connect 2-semester For Auditing & Assurance Services A Systematic Approach

Authors: Author

10th Edition

1259292045, 9781259292040

More Books

Students also viewed these Accounting questions

Question

★★★★★

Use the diagram to answer the following questions: a. At which point might expansionary government policy help stabilize the economy? b. At which point might contractionary government policy help...

Answered: 1 week ago

Question

★★★★★

The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2011 balance sheet reported the following: cash, $1,300,000; prepaid...

Answered: 1 week ago

Question

★★★★★

40. Show that there does not always exist a c-inverse of a matrix A that equals A.

Answered: 1 week ago

Question

★★★★★

Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is two units per hour and for Product MTV is five units per hour. The machines capacity is 2,750...

Answered: 1 week ago

Question

★★★★★

The president of the retailer Prime Products has just approached the companys bank with a request for a $49,000, 90-day loan. The purpose of the loan is to assist the company in acquiring...

Answered: 1 week ago

Question

★★★★★

Suppose you wish to take out a loan for $15,000 at an annual interest rate of 5.25%, compounded monthly. If you want each payment to be as close as possible to $200.00, how long should the period of...

Answered: 1 week ago

Question

★★★★★

D Question 6 Consider the given function: f(x) = sin (2) (2+7) 5x+2 -2 - if x T if 2 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

1. Create a disruptive innovation for your healthcare organization. 2. Outline the core competitive dimensions that make your new service or product unique. 3. Discuss long-term sustainable...

Answered: 1 week ago

Question

★★★★★

PLEASE ANSWER PROBLEM 3. IT HAS 15 QUESTIONS Introduction to Cost Accounting and Cost Accounting Cycle 7. Utility costs were incurred in the factory, P450,000. 8. Advertising costs paid, P2,250,000....

Answered: 1 week ago

Question

★★★★★

Identifies process strategies most useful for a window manufacture by using the tools of process analysis. Then Identify recent advances in production technology that would be useful in the window...

Answered: 1 week ago

Question

★★★★★

Mini-Case B (7 marks) Like every Canadian couple, Amira and Owen carry quite a lot of debt. . Three years ago, Amira purchased a Subaru Outback costing $34,750 before sales tax of 15%, with a $5,000...

Answered: 1 week ago

Question

★★★★★

1 In what ways did HSBC Argentina draw on cultural mechanisms in their programme to introduce change? HSBC held a 100- day development programme to transform the attitudes and approaches of its 6,000...

Answered: 1 week ago

Question

★★★★★

2 Which type should they aspire to being, and why? The Nimrod, a 37year old RAF aircraft engaged in a surveillance mission in Afghanistan, burst into flames with the loss of 14 people on board. This...

Answered: 1 week ago

Question

★★★★★

3 What would you consider doing differently from the way that management approached the change process? RWE, the Essen- based power and water corporation (utility), is adapting to the forces of...

Answered: 1 week ago

Previous Question Next Question