Reference no: EM131266394
Alpha Company records all sales at the register with amounts that include 8% sales tax. During November 2016, total sales at the register were recorded as $706,320. Use this information to determine what amount of sales tax liability that Alpha Company should record for an end of the month adjusting entry.
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Additional paid in capital in excess of par common stock
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Operating income for eliminating this business segment
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Determine what amount of sales tax liability
: Alpha Company records all sales at the register with amounts that include 8% sales tax. During November 2016, total sales at the register were recorded as $706,320. Use this information to determine what amount of sales tax liability that Alpha Compa..
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