Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use your homework company. 1. Create a sales tax item -- CA Sales Tax, for 8.75%, paid to Board of Equalization. 2. Create Part Y,
Use your homework company. 1. Create a sales tax item -- CA Sales Tax, for 8.75%, paid to Board of Equalization. 2. Create Part Y, non-inventory item, Price = $10, Tax Code = non, Account Cost of Goods Sold. = 3. Create Part X. Account = Cost of Goods Sold. Price = $20. Make sure it is taxable. 4. Create (or modify) customer "My name - Customer". Change the customer to "taxable" and use the tax item you created above. 5. Create an estimate for your customer. 2 Part Xs, 5 Part Ys. What is the total estimate? 1. From your previously created estimate, create an invoice. 2. Change Part Y to "taxable". What is the total of the invoice now? 1. Go back to your previously created invoice. 2. Change the entire invoice to non-tax (i.e., customer's default) (do not change the lines, change the invoice to non-tax). What is the amount of the invoice now
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