{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T18:08:07-04:00", "answer_date": "2024-05-29 18:08:07", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1898277", "url": "\/study-help\/questions\/sales-tax-a-sale-of-merchandise-on-account-for-14050-1898277", "question_creation_date_js": "2024-05-29T18:08:07-04:00", "question_creation_date": "May 29, 2024 06:08 PM", "meta_title": "[Solved] Sales Tax A sale of merchandise on accoun | SolutionInn", "meta_description": "Answer of - Sales Tax A sale of merchandise on account for $14,050, terms n\/30, is subject to an 5% sales tax. a. Should the sales | SolutionInn", "meta_keywords": "sales,tax,sale,merchandise,account,$14,050,terms,n\/30,subject,5%,recorded,time", "question_title_h1": " Sales Tax A sale of merchandise on account for $14,050, terms n\/30, is subject to an 5% sales tax. a. Should the sales tax", "question_title": " Sales Tax A sale of merchandise on account for $14,050, terms", "question_title_for_js_snippet": "Sales Tax A sale of merchandise on account for $14,050, terms n 30, is subject to an 5 sales tax a Should the sales tax be recorded at the time of sale or when payment is received b What is the amount of the sale c What is the amount of the increase to Accounts Receivable If required, round your answers to nearest whole value d What is the title of the account in which the $703 ($14,050 x 5 ) is credited week 2 Bust stat (2) dock week 2 Busi stat (1) docx Countle $ hp Stain all 337 PM", "question_description": "\"image", "transcribed_text": "Sales Tax A sale of merchandise on account for $14,050, terms n\/30, is subject to an 5% sales tax. a. Should the sales tax be recorded at the time of sale or when payment is received? b. What is the amount of the sale? c. What is the amount of the increase to Accounts Receivable? If required, round your answers to nearest whole value. d. What is the title of the account in which the $703 ($14,050 x 5%) is credited? week 2 Bust stat (2) dock week 2 Busi stat (1) docx Countle $ hp Stain all 337 PM", "related_book": { "title": "Cost Accounting A Managerial Emphasis", "isbn": "978-0133428858, 133428850, 133428702, 978-0133428704", "edition": "15th edition", "authors": "Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/301.jpg", "uri": "\/textbooks\/cost-accounting-a-managerial-emphasis-15th-edition-301", "see_more_uri": "" }, "free_related_book": { "isbn": "1950576779", "uri": "\/textbooks\/pathways-to-business-success-1st-edition-978-1950576777-270439", "name": "Pathways To Business Success", "edition": "1st Edition" }, "question_posted": "2024-05-29 18:08:07", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/the-economics-of-health-and-health-care\/people-who-earn-a-higher-salary-can-afford-more-goods-1257472", "description": "People who earn a higher salary can afford more goods, including health care. However, according to Grossman, they will choose a higher desired health stock. 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