FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Sales Tax Cobb Baseball Bats sold 260 bats for $50 each, plus an additional sales tax of 4%. The customer paid cash. Required: Provide the

Sales Tax Cobb Baseball Bats sold 260 bats for $50 each, plus an additional sales tax of 4%. The customer paid cash.

Required: Provide the journal entry to record the sale. If an amount box does not require an entry, leave it blank.

Cash

Sales

Revenue Sales

Tax Payable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Cost Accounting

Cost Accounting

Authors: William K. Carter

14th edition

759338094, 978-0759338098

Students also viewed these Accounting questions

Question

Write down five adjectives that come to mind when you think about sickabsent employees. Compare your list with those of a few fellow students. Which adjectives occur most across your lists? Is this...

Answered: 1 week ago

Question

★★★★★
Use the following information and deter mine the carrying amount of the property, plant, and equipment of Havelock Ltd. on July 1, 2017, the first day of its 2018 fiscal year. (An accounting equation...

Answered: 1 week ago

Question

★★★★★
Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most...

Answered: 1 week ago

Question

★★★★★
We are evaluating a project that costs $841,516, has an 8-year life, and no salvage value. Depreciation is straight-line to zero over the life of the project. Projected Sales: 64,481 units per year....

Answered: 1 week ago

Question

★★★★★
Question: Transfer function of a complex control system is given below. T(s): = 30s + 3s + s s6+3s5+4s + 6s + 5s +3s+2 a) Observe system's stability according to coefficient tests and mention your...

Answered: 1 week ago

Question

★★★★★
11. [10] The stochastic exponential of a constant, that is, the process & defined by Et = exp xp (aB - 1/2), t for some constant a, is a martingale. a. Prove the above statement directly, that is, by...

Answered: 1 week ago

Question

★★★★★
You sell t shirts at $10 each, and you have to pay the worker at each workstation $500/day.You went and hired a student who did some market research and told you that you could increase your price to...

Answered: 1 week ago

Question

★★★★★
1. The linkage shown below is made of two identical members with lengths of 0.8 m and masses of 3 kg. The left member is connected to the ground by a pin joint, and the right member is connected to...

Answered: 1 week ago

Question

★★★★★
What role would market research play in helping businesses improve their B 2 C communications ( and result in a higher frequency of positive C 2 B interactions ) ?

Answered: 1 week ago

Previous Question Next Question