Explain sale to the state government, Accounting Basics

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Explain sale to the state government

Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). The sales tax law requires Dextra to collect 5% sales tax on every dollar of merchandise sold. Record the entry for the $6,000 sale and its applicable sales tax. Also record the entry that shows the remittance of the 5% tax on this sale to the state government on October 15

Record the cost of Sept. 30th sales in a journal entry workshet
Record the entry that shows the remittance of the 5% tax on this sale to the state government on October 15 in a journal entry worksheet.

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Accounting Basics: Explain sale to the state government

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Accounting Basics: Explain sale to the state government

Reference No:- TGS0702808

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Recent Questions Asked Accounting Basics

Q : Determining the partial pressure

Q : Partial pressure of gas

Q : What will change if we replace a proton with a neutron

Q : Can a carnot cycle start at second step

Q : Explain sale to the state government

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain sale to the state government

Reference No:- TGS0702808

Recent Questions Asked Accounting Basics

Q : Determining the partial pressure

Q : Partial pressure of gas

Q : What will change if we replace a proton with a neutron

Q : Can a carnot cycle start at second step

Q : Explain sale to the state government

Q : Equivalent weight of a metal

Q : How much bad debts expense will destin deals report

Q : What mass of sucrose combined with water to make a solution

Q : What is the net amount of accounts receivable included

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