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What was the total amount of ales collected in 2014? Whats is the amount of sales tax liabillity as of December 31, 2014? On which
What was the total amount of ales collected in 2014?
Whats is the amount of sales tax liabillity as of December 31, 2014?
On which financial statement will the sales tax liability appear?
The fomowing information applies to the questions displayed below The following selected transactions apply to Easy Stop for November and December 2014. November was the first month of operations. Sales tax is collected at the time of sae but is not paid to the state sales tax agency until the following month. 1 Cash sales for November 2014 were $64,000 plus sales tax of 9 percent. 2. Easy Stop paid the November sales tax to the state agency on December 10, 2014. 3. Cash sales for December 2014 were $79,500 plus sales tax of S percent. L25 points tal amount of salestax paid in 20147 b. What was the total amount of sales tax paid in 2014? Sales tax paidStep by Step Solution
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