Question
Sales Tax Payable $8,500 Consider the following transactions of Moore Software: Mar. 31 Recorded cash sales of $170,000, plus sales tax of 5% collected for
Sales Tax Payable $8,500
Consider the following transactions of Moore Software:
| Mar. 31 | Recorded cash sales of $170,000, plus sales tax of 5% collected for the state of New Jersey.
|
| Apr. 6 | Sent March sales tax to the state.
|
Journalize the transactions for the company. Ignore cost of goods sold.
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Connect 2-semester For Auditing & Assurance Services A Systematic Approach
Authors: Author
10th Edition
1259292045, 9781259292040
