Record sales and sales tax payable

Assignment Help Financial Accounting

Reference no: EM131293872

During December, Far West Services makes a $3,400 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Reference no: EM131293872

Questions Cloud

Workers in health care approach patient confidentiality : Explain how HIPPA affects the way workers in health care approach patient confidentiality.

Prepare the journal entry to record depletion : Everly Corporation acquires a coal mine at a cost of $870,800. Intangible development costs total $217,700. After extraction has occurred, Everly must restore the property (estimated fair value of the obligation is $174,160), after which it can be so..

Determine the entropy production rate of the turbine : Determine the entropy production rate of the turbine, The work transport energy efficiency of the turbine on the basis of a steam flow rate.

Existing challenges in utilization management : What are the existing challenges in utilization management that would evoke changes? What are the primary changes that will likely occur?

Record sales and sales tax payable : During December, Far West Services makes a $3,400 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable. (If no entry is required for a transaction/event, select "No journal entry require..

What is the cost of the new animal shelter : Kroll Dog Care Co. wants to finance a new animal shelter by making twelve annual deposits into a fund earning 3%, compounded annually. The first six deposits are $21,000 each and will be paide at the beginning of the next six years. The last six depo..

Determine the net power output per unit : Determine the net power output per unit mass flow rate of steam and The entropy production rate per unit mass flow rate of steam flowing in the system.

Define the concepts of community : Define the concepts of community, community participation, intersectoral collaboration, and empowerment. Discuss the different approaches in community action.

Conduct a disintermediation impact analysis : CIS8100 Assignment - Disintermediation means the removal of the market middlemen - e.g. the distributors, wholesalers, and other intermediaries - between producers and consumers.

User Account

All Pages