Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QS 9-3 (Algo) Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $8.000 cash on September 30 (cost of merchandise is $5,600).

image text in transcribedimage text in transcribedimage text in transcribed

QS 9-3 (Algo) Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $8.000 cash on September 30 (cost of merchandise is $5,600). Dextra collects 2% sales tax. Record the entry for the $8,000 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. View transaction list Journal entry worksheet < 1 2 3 Record the cash sales and 2% sales tax. Note: Enter debits before credits Date September 30 General Journal Debit Credit >

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

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

More Books

Students also viewed these Accounting questions