Record sales and sales tax payabl

Assignment Help Accounting Basics
Reference no: EM131576689

Question - Record sales Tax

During December, Far West Services makes a $4,200 credit sale. The state sales tax rate us 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable.

Reference no: EM131576689

Questions Cloud

Produce a spanning tree using depth-first search : Use depth-first search to produce a spanning tree for the given simple graph. Choose a as the root of this spanning tree and assume that the vertices.
Project that will result in initial aftertax cash savings : Hankins, Inc., is considering a project that will result in initial aftertax cash savings of $7 million at the end of the first year,
What is the function of the centromere during mitosis : What is the function of the centromere during mitosis? Contrast how cytokinesis occurs in animal cells with how it occurs in plant cells?
Explain what values do the recipients seem to share : Identify a selection from each speech that you regard as the recipient's most memorable observation. Explain the reason for your choice
Record sales and sales tax payabl : Question - Record sales Tax. The state sales tax rate us 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable
Do unions engage in ethical behavior : Go to the internet and find an article that discusses labor union formation and activity, summarize key points and post in Discussions area.
Define depth-first search of the complete bipartite graph : Describe the trees produced by breadth-first search and depth-first search of the complete bipartite graph Km,n, starting at a vertex of degree m.
Relative-frequency approach statistics : Why is it important to learn how to find the probability using the relative-frequency approach statistics?
What is the price per share of company stock : Ward Corp. is expected to have an EBIT of $2,750,000 next year. What is the price per share of the company's stock?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the budget process

Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among.

  For the year ended 30 june 2007 jon payment summary shows a

for the year ended 30 june 2007 jon payment summary shows a salaryof 40000 with tax installment deductions of 18600.

  Complete the revenue and cash collections

ASSIGNMENT - COMPLETION OF A WORKBOOK OF BUDGET SPREADSHEETS. On Sales, Purchases & NCA sheet, complete the revenue, cash collections, purchases, payment

  Measure the return on investment for pso

Senior management will always ask what business value they will realize from the PSO. How would you measure the Return on Investment for your PSO? (Be careful-this is a trick question.)

  Compute the total cost of making and buying the parts

Assuming that the company has no alternative use for the facilities that are now being used to produce the carburetors, compute the total cost of making

  Why is the liability for warranties recognized

Why is the liability for warranties recognized when products are sold rather than when the warranty services are performed?

  Identify which accounts should be closed on september 30

Prepare an income statement and a retained earnings statement for the 3 months ending September 30 and a classified balance sheet at September 30.

  Delaware company incurred the following research

Calculate the amount of research and development expense that Delaware should report in its 2011 income statement.

  Sales- analysis study appendix 2a the rocky mountain

sales- mix analysis study appendix 2a. the rocky mountain catering company specializes in preparing mexican dinners

  Propose type of managerial incentives that could influence

propose the type of managerial incentives that could influence the company's percentage ownership in another company. Provide a rationale for your response.

  1 prepare the journal entries for the foregoing

teofisto arenas recently established abusiness that will operate as arenas cleaning services. thetransactions for the

  Whether replace or repair products returned by customers

The XYZ company sells approximately 900,000 gizmos annually. Each gizmo consists of 15 components. Management is currently evaluating which vendor to choose as the primary supplier of one of the 15 components. Four vendors have been identified.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd