Question
Norlan Company's cash receipts for October amounted to $36,750, which includes sales and sales tax. If the sales tax rate is 5%, what amount must
Norlan Company's cash receipts for October amounted to $36,750, which includes sales and sales tax. If the sales tax rate is 5%, what amount must be remitted to the state for October's sales taxes?
A. $1,750
B. $1,838
C. $88
D. Cannot be determined
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College Accounting Chapters 1-30
Authors: David Haddock, John Price, Michael Farina
16th Edition
1260247902, 978-1260247909
