Penawlt Grocery sold taxable merchandise for $185.00 cash. The sales tax rate was 8.2%. The cost of

Fantastic news! We've Found the answer you've been seeking!

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 entry to record the sale of the merchandise. ...

Posted Date: May 22, 2024 07:05 PM

See More Questions

Suppose Nordic Boots was making production decisions for the following six boots: ot Price E(Demand) Std. Dev (Demand) Co Cu Exp. Profit Max. Profit A 220 1000 400 35.2 52.8 1101 39201 52800 230 2000...
Scientists believe that a major cause of global warming is higher levels of carbon dioxide (C02) in the atmosphere. In the Journal of World-Systems Research (Summer 2003), sociologists examined the...
(Appendix 7B) Under the gross method of recording sales discounts, is the amount of sales discount taken recorded (a) at the time the sale is recorded or (b) at the time the collection of the account...
During the year, Atwood Company produced 280,000 lathe components for industrial metal working machinery. Atwoods direct materials and direct labor standards per unit are as follows: Required: 1....
The Golden Nursery School Company provides baby-sitting and child-care programs. On January 31, 2011, the company had the following trial balance; During the month of February, the company completed...
What happens to actual output as opposed to the expected potential output when firms and workers underestimate future prices in the economy?
In the vertical analysis of a balance sheet, what is the base (100%) figure? Answer: A. Total liabilities B. Total revenues C. Total assets D. Net income What is NOT a common benchmark used when...
the following incomplete data were taken from the records of Cristo king co. after a fire blasted the manufacturing plant on December 30, 2021. direct materials purchased P160,000, inventories,...
Laidler AG wishes to issue perpetual bonds with a face value of 1 , 0 0 0 , these will have a 5 % coupon rate. Coupons will be paid annually. Laidler will set a call premium at 1 0 0 over face value....
Describe the importance of ongoing professional development for coaches and mentors. How can coaches and mentors stay up - to - date with industry trends, best practices, and ethical guidelines in...
What is the importance of the vision, mission, goals and objectives of an educational system? How the educational context and the functions of the educational administrator directly impact the...
List five workplace health hazards and how to deal with them. Discuss the prerequisites for a security plan and how to set up a basic security program.
16 The United States National Weather Service reports pressure in mm of Hg What s the pressure of 725 mmHg in Pa millibars and Torr OA 96 657 Pa 966 millibar 725 Torr OB 100 000 Pa 1000 millibar 760...
For the vector whose polar components are (Vr = 1, VÎ¸ = 0), compute in polars all components of the second covariant derivative VÎ±;Î¼;Î½. To find...
Why do managers need to know the current level of worker development? LO8
What is value-added management? How would a person become a value-added manager? LO3
Consider the example of the resort hotel under the section Putting Systems and Structure into Action. Would you like to work for that hotel? Identify at least five things about the hotel that you...

Penawlt Grocery sold taxable merchandise for $185.00 cash. The sales tax rate was 8.2%. The cost of

Question:

Expert Answer:

Students also viewed these accounting questions