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Calculate the sales tax on the goods

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Reference no: EM132473993

Nature of Transaction

Source Document

Required Accounting Entry

 

Account
Debited

Account
Credited

 

A.   Cash sale of product or service

 

 

 

 

B.   Payment on account

 

 

 

 

C.   Sale on account

 

 

 

 

D.   Purchase of supplies on account

 

 

 

 

E.   Bank service charge

 

 

 

 

Question A. Calculate the price of the supplies before the sales tax was added, and pls show how

Question B. Calculate the sales tax on the goods

Reference no: EM132473993

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