A retail store credited the sales revenue account for the

Reference no: EM13598268

A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $525,000, what is the amount of the sales taxes owed to the taxing agency?

Reference no: EM13598268

Questions Cloud

On january 1 pete bought a used truck for 14000 he added a : the following events took place at petes painting company during 2008 a. on january 1 pete bought a used truck for

A revenue that differs between alternatives and makes a : . the transfer price approach that will result in the largest contribution margin to the buying division is the a.

The average health care costs per year for a sample of us : the average health care costs per year for a sample of u.s. cities 50000200000 population are 586. u.s. department of

Assume that you deposited 100000 in a savings account : assume that you deposited 100000 in a savings account paying an interest of 12 per year compounded monthly. you wish to

A retail store credited the sales revenue account for the : a retail store credited the sales revenue account for the sales price and the amount of sales tax on sales. if the

Joshua thorp opened laser co on january 1 2011 at the end : joshua thorp opened laser co. on january 1 2011. at the end of the first year the business needed additional funds. on

Wallace corporation issued 3000 shares of 10 par value : wallace corporation issued 3000 shares of 10 par value common stock in exchange for a giant water slide valued at

Greengrass company purchased a master mulching machine for : greengrass company purchased a master mulching machine for 240000 with a 5 year life and a 15000 salvage value.

A company uses the fifo method for inventory costing during : a company uses the fifo method for inventory costing. during a period a production department had 20000 units in

User Account

All Pages

A retail store credited the sales revenue account for the

Reference no: EM13598268

Reference no: EM13598268

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Prcentage-of-completion method lo5-5 in 2013 the westgate

Consider the following statement to maximise profit you

Separate accounts payable computer systems

Looking at the various reports an auditor can issue discuss

Krylon company purchases eight special tools annually from

Carlo toll bridge corporation ltdan infrastructure company

Which of the following is a question or questions asked

Meridian had an inventory of 200 units of prime and 75

Ken sold a rental property for 858000 he received 182000 in

Swanton company currently sells 3 products and details of

What do fine and course grained versions of same rock kind

How does the united states tax erica activities

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT