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Please help me calculate the numbers for this question. How do I calculate accounts receivable, sales revenue and sales tax payable? During December, Alaskan Services
Please help me calculate the numbers for this question. How do I calculate accounts receivable, sales revenue and sales tax payable?
During December, Alaskan Services makes a credit sale of $4,600 (before sales taxes). The state sales tax rate is 6% and the local sales tax rate is 2.5%.
Record sales and sales tax payable.
Brief Exercise 8-8 (Algo) Record sales tax (LO8-4) During December, Alaskan Services makes a credit sale of $4,600 (before sales taxes). The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sale including the sales tax. Note: Enter debits before creditsStep by Step Solution
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