Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QS 9-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). Dextra collects

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

QS 9-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). Dextra collects 10% sales tax. Record the entry for the $16,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15. Journal entry worksheet 1 2 3 Record the cash sales and 10% sales tax. Note: Enter debits before credits. General Journal Debit Credit Date Sep 30 Record entry Clear entry View general journal Journal entry worksheet 1 N 3 > Record the cost of September 30th sales. Note: Enter debits before credits. General Journal Debit Credit Date Sep 30 Record entry Clear entry View general Journal Journal entry worksheet Record the entry that shows Dextra sending the sales tax on this sale to the government on October 15. Note: Enter debits before credits. General Journal Debit Credit Date Oct 15 Record entry Clear entry View general Journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guide On Marketing Audit Start Conducting A Successful Marketing Audit

Authors: Milly Anecelle

1st Edition

B0BM429R34, 979-8363321580

More Books

Students also viewed these Accounting questions