Question
Penawlt Grocery sold taxable merchandise for $185.00 cash. The sales tax rate was 8.2%. The cost of the merchandise to Penawlt was $111.00. Prepare the
Penawlt Grocery sold taxable merchandise for $185.00 cash. The sales tax rate was 8.2%. The cost of the merchandise to Penawlt was $111.00.
Prepare the entry to record the sale of the merchandise. (If no entry is required, select "No debit" or "No credit" in the account field. )
| Account | Debit | Credit | |
|---|---|---|---|
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International Auditing Standards In The United States Comparing And Understanding Standards For ISA And PCAOB
Authors: Asokan Anandarajan
1st Edition
1606496123, 978-1606496121
