Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Tina's Boutique has total receipts for the month of $32,340 including sales taxes. The sales tax rate is 5%. Prepare the journal entry to record

Tina's Boutique has total receipts for the month of $32,340 including sales taxes. The sales tax rate is 5%. Prepare the journal entry to record the sale.

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

Accounting What The Numbers Mean

Authors: David Marshall, Wayne McManus, Daniel Viele

10th Edition

77729870, 9780077729875

More Books

Students also viewed these Accounting questions

Question

★★★★★

For each of the following transactions that occur in the current year, indicate the amount of the annual exclusion available. Explain your answer. a. Tracy creates a trust in the amount of $300,000...

Answered: 1 week ago

Question

★★★★★

Mona viewed herself as a creative individual who had chosen to go to law school for economic reasons. Mona's undergraduate majors were creative writing and American Indian studies. Mona was very...

Answered: 1 week ago

Question

★★★★★

Suppose for the events A and B we have 2P(A) = 3P(B) = 4P(AB) and P(AB) = 0.05. (i) Calculate the probabilities P(A), P(B), and P(AB). (ii) Find the probabilities of the following events A B, AB,...

Answered: 1 week ago

Question

★★★★★

A little exchange economy has just two consumers, named Kenand Barbie, and two commodities, quiche and wine. Kens initial endowment is 3 units of quiche and 2 units of wine. Barbies initial endowment...

Answered: 1 week ago

Question

★★★★★

Suppose that you test an application for the SQL injection vulnerability. You know that the backend database is based on Microsoft SQL Server. Inthe login / password form, you enter the following...

Answered: 1 week ago

Question

★★★★★

In contract with utility company to receive an energy discount, agree to halt all arc welding operations in your fabrication shop during curtailment events. In your frozen dinner processing plant,...

Answered: 1 week ago

Question

★★★★★

Problem 1 (20 points). In a warehouse, it is required to locate a temporary storage area for 5 shelves operations that are located in the following coordinates (1, 4), (1, 8), (1, 12), (4, 4) and (4,...

Answered: 1 week ago

Question

★★★★★

Game Z Ltd has 3 sources of capitals - Common shares, Preferred shares and corporate bonds. The market value of its common shares is $50 per share while its Preferred shares are valued at $45 per...

Answered: 1 week ago

Question

★★★★★

Multi-step Income Statements The adjusted trial balance of Mally Distributors on December 31 is shown below. MOLLY DISTRIBUTORS Adjusted Trial Balance December 31 Debit Credit $30,200 Cash Accounts...

Answered: 1 week ago

Question

★★★★★

48 Assume that the actual amount of one of a company's variable expenses was $45,198. The company's planned level of activity was 19,000 machine-hours, and its actual level of activity was 18,500...

Answered: 1 week ago

Question

★★★★★

According to corporate policy, the average age of trade receivables and trade payables should both be 10 days and 20 days, respectively. At 30th June 2022, the Exeter hotel had trade receivables of...

Answered: 1 week ago

Question

★★★★★

1. Given your basic mental state, i.e. the state you often return to. Give this state a name that you recognize and that is easy to remember, such as irritability, frustration, joy, etc. Also give...

Answered: 1 week ago

Question

★★★★★

5. The next time a negative event occurs, or a negative memory occurs, think about how you need to perform to make this a success story.

Answered: 1 week ago

Question

★★★★★

1. To understand the impression you want the other or the others to have of yourself.

Answered: 1 week ago

Previous Question Next Question