Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

Randall Company has cash in the register in the amount of $ 446.25 The current sales tax rate is 6.25% The company does not separate

Randall Company has cash in the register in the amount of $ 446.25 The current sales tax rate is 6.25% The company does not separate out the sales tax payable from the sales revenue.

Prepare the journal entry needed to record this information on April 30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Information For Decision Making Readings In Cost And Managerial Accounting

Authors: Alfred Rappaport

3rd Edition

0134643542, 978-0134643540

More Books

Students also viewed these Accounting questions

Question

★★★★★

What is the difference between a busted convertible and a distressed convertible?

Answered: 1 week ago

Question

★★★★★

Refer to the previous exercise. Provide the proper interpretation.

Answered: 1 week ago

Question

★★★★★

When selecting new employees, organizations are generally concerned with identifying which particular applicants possess the required knowledge, skills and abilities needed to perform the job...

Answered: 1 week ago

Question

★★★★★

Catherine Creteau and her husband contracted with a travel agency, Liberty Travel, Inc., to arrange a trip to Jamaica. While staying in Jamaica in accommodations arranged by Liberty Travel, they were...

Answered: 1 week ago

Question

★★★★★

The Bethlehem Inn is an all equity firm with 9,000 shares outstanding at a value per share of $26.80.The firm is issuing $39, 932 of debt and using the proceeds to reduce the number of outstanding...

Answered: 1 week ago

Question

★★★★★

a) Would you expect the overall demand curve for Gollum's Precioussss Guide Services to be elastic or inelastic, just based on the information you have been given about the firm? Why? Use the...

Answered: 1 week ago

Question

★★★★★

"Bathworks Company wants to estimate its ending inventory based on the following data: beginning inventory of $70,000, net sales revenue of $195,000, purchases of $140,000, and a normal gross margin...

Answered: 1 week ago

Question

★★★★★

what were behind the sad and beautiful stories of these establishments? when one fails in business, what was missing? what went wrong? when one succeeds, what are the trade secrets?

Answered: 1 week ago

Question

★★★★★

You are in the role of a hacker trying to break down a hash table. The information collected so far indicates the hash table uses Quadratic Probing with h(k, i) = ((k+12) mod m) for collision...

Answered: 1 week ago

Question

★★★★★

* Question Completion Status: Moving to the next question prevents changes to this answer. Question 14 Question 14 of 60 2 points Save Ansver TG Mining has 100 000 shares outstanding and just...

Answered: 1 week ago

Question

★★★★★

+ QUESTION 2: A. From the below information Calculate Working Capital. Debtors $ 55,000 Inventories $ 15,000 Accounts Payable $ 12,000 Cash $ 4,000 Accounts Receivable $ 8,000 Creditors $ 16,500...

Answered: 1 week ago

Question

★★★★★

2. Benoit Vincent was able to become a more effective manager after completion of certain personality profile instruments (the MBTI for example), participating in a series of one-on-one workplace...

Answered: 1 week ago

Question

★★★★★

2. To learn more about the way you handle anger, record your anger responses in a journal for a period of five days. When anger surfaces, record as many details as possible. What triggered your...

Answered: 1 week ago

Question

★★★★★

3. To learn more about how emotions influence your thinking and behavior, complete each of the following sentences. Once you have completed them all, reflect on your written responses.

Answered: 1 week ago

Previous Question Next Question