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Problem 1: Charlies Pizza collected $150 in sales tax for the quarter. Which of the following accounts should be used in order to post the sales tax?
A- Only Sales Taxes Payable.B- Sales tax should not be recorded.C- Both Sales Taxes Payable and Sales Tax Expense.D- Both Sales Taxes Payable and Cash.E- Both Income and Sales Tax Expense.
Write brief report addressing the Sales managers concerns, using some of the concepts and the information provided on the cost structures
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Oriole Company began the year with retained earnings of $666000. What was Oriole retained earnings at the end of the year
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Evaluate the primary ethical standards of the accounting organization's leadership and values which contributed to approval of the accounting issues.
Explain how bilateral relief is made and how does this differ from a unilateral relief
Serena Henry deposited $18,900 in a money market certificate that provides interest of 10% compounded quarterly, How much will Serena Henry have at the end
Mawu Corporation was organized on January 3, 2015. The firm was authorized to issue 100,000 shares of $5 par value common stock.
Total assets end of the year - $200.000, Net Farm Income = $23.000, Interest Expense -SI 5.000, and Leverage ratio =1.5. What is the absolute return to assets.
bill of $945 for the May utility service. The error was discovered on June 30. How do you enter this on the general journal to correct the error?
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