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On Jan 1, 2021 , Manama Company purchased an equipment at a price of $100,000 and paid tax of 10% of this price. Manama Company paid $2,500 for power connections and $6,000 to emble the equipment . During installing the equipment, a small damage occurred and repaired for a cost of $500. The equipment's cost is A $118,500 B $109,000 c $100,000 D $119,000

response. Question 1 Sitra Trading Company is required by law to collect and remit sales taxes to the government. Sitra has $ 32,000 of cash sales that are subject to an 4% sales includes: O A Debit: Cash $ 32,000, Credit Sales Revenue $ 30,720 & Sales Taxes Payable $ 1,280. O B. Debit Cash $ 32,000 & Sales Taxes Payable $ 1,280; Credit: Sales Revenue $ 33,280. O c. Debit Cash $ 33,280; Credit Sales Revenue $ 32,000 & Sales Taxes Payable $ 1,280. O D. Debit: Sales Revenue $ 30,720 & Sales Taxes Payable $ 1,280; Credit Cash $ 32,000