Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 19, 2024

Multiple Choice Question 105 A cash register tape shows cash sales of $5900 and sales taxes of $295. The journal entry to record this information

Multiple Choice Question 105 A cash register tape shows cash sales of $5900 and sales taxes of $295. The journal entry to record this information is Cash 6195 Sales Revenue Sales Taxes Payable 5900 295 Cash 6195 Sales Tax Revenue 295 Sales Revenue 5900 O Cash 5900 Sales Tax Expense 295 Sales Revenue 6195 Cash 5900 Sales Revenue 5900

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

Students also viewed these Accounting questions

Question

2.27 Is whooping cough close to being eradicated? In the first half of the 20th century, whooping cough was a frequently occurring bacterial infection that often resulted in death, especially among...

Answered: 1 week ago

Question

★★★★★

The following ledger accounts are for Afocentric Service Company: a. Supplies b. Utilities Expense c. Accounts Receivable d. D. Minimus, Capital e. Land f. Prepaid Rent g. Accounts Payable h....

Answered: 1 week ago

Question

★★★★★

Exercise 3-1 (Algo) Prepare Journal Entries [LO3-1) Lamed Corporation recorded the following transactions for the just completed month. a $81000 in raw materials were purchased on account b. $79,000...

Answered: 1 week ago

Question

★★★★★

2. Outline and describe whether or not Josie's conduct towards the shop owner at 'Shiny Promotions' has any impact on the contract she has agreed to for the manufacture of the delegate's polo shirts....

Answered: 1 week ago

Question

★★★★★

Q2 The following system works to lift a specific load. It transmits the movement from the worm (A, 600rpm) to the worm gear (B, 90 teeth) and then to the small sprocket (C, 40 teeth) attached to it...

Answered: 1 week ago

Question

★★★★★

Digna Co., a subsidiary of Shell Corpo. Began operations at the beginning of 2014. The functional currency of Digna Co. is the Italian lira; the functional currency and reporting currency of Jill...

Answered: 1 week ago

Question

★★★★★

For many years professional football players have earned on average less than half of what professional baseball players earned. Using economic reasoning, how can this fact be explained?

Answered: 1 week ago

Question

★★★★★

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date Activities Units Acquired at Cost Units Sold at Retail June 1 Beginning...

Answered: 1 week ago

Question

★★★★★

Here is the income statement for Ivanhoe, Inc. Ivanhoe, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $449,500 Cost of goods sold 211,500 Gross profit 238,000 Expenses...

Answered: 1 week ago

Previous Question Next Question