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Problem 1 Sales tax 1 journal entry 10 points 1-Sep Hibbet Company does not separate sales revenue and sales taxes in its cash register The
Problem 1 Sales tax 1 journal entry 10 points 1-Sep Hibbet Company does not separate sales revenue and sales taxes in its cash register The register total for the month of September is $257 250, which includes a 5% sales tax Prepare the journal entry to record sales revenue and the related sales taxes at September 30 Account Title Dobit Credit Date Cash Sales Sales Tax payable N Problem 2 Short term notes payable 3 journal entries 20 points 12/1/2020 Gilman Corp. borrowed $18,000 on a 90 day 5% note. Prepare the journal entries to record the issuance of the noto the accrual of interest at year end the payment of the note at maturity
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