Question
Yesterday, your company collected a total of $86,400 cash from customers; this number included 8% sales tax. Calculate how much of the $86,400 should be
Yesterday, your company collected a total of $86,400 cash from customers; this number included 8% sales tax. Calculate how much of the $86,400 should be recorded as sales taxes payable. (Round your answer to the nearest whole dollar. Do not include the $ sign in your answer.)
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
