Greenspan supply does not segregate sales and sales taxes


Question - Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,370. All sales are subject to a 6% sales tax.

Compute sales taxes payable.

Make the entry to record sales taxes payable and sales.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Greenspan supply does not segregate sales and sales taxes
Reference No:- TGS02390010

Now Priced at $25 (50% Discount)

Recommended (98%)

Rated (4.3/5)