Bluestem Supply does not segregate sales and sales taxes at the time of sale. The register total
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
Sales tax payable 1 Sales 10388 106 ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $10,388. All sales are subject to a 6% sales tax. Compute sales taxes payable and...
-
Farm Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $11,395. All sales are subject to a 6% sales tax. Compute sales taxes payable and make the...
-
Leister Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,540. All sales are subject to a 5% sales tax. Compute sales taxes payable, and...
-
Suppose you buy Bond A at time=0. It is a 2-year, risk-free bond with coupon rate of 7% that compounds annually, and it has a face value of $1,000. (3 points) a) At time = 0, suppose you buy Bond A...
-
Show that T: Pn Pn defined by T(p(x) ) = p(x) + p'(x) is an isomorphism.
-
Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes...
-
In a pretest, 30 respondents were asked to express their preference for an outdoor lifestyle (V1) using a 7 -point scale $(1=$ not at all preferred, 7 = greatly preferred $)$. They were also asked to...
-
Bulldog Inc. is a large manufacturing company that runs its own electrical power plant from the excess steam produced in its manufacturing process. Power is provided to two production...
-
What is a hypothesis based on the two factor theory by Herzberg's?
-
a. The wave in the shallow tank of water shown in the figure moves at 0.08 m/s towards the left. How long does it take for the wave to return to the position 3CY, but moving to the right? b. A man is...
-
Graves Company borrows $90,000 on July 1 from the bank by signing a $90,000, 7%, 1-year note payable. Prepare the journal entries to record (a) The proceeds of the note and (b) Accrued interest at...
-
Washburn University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule. Give the entry to record (a) The sale of the season tickets and (b) The revenue recognized after...
-
What are big data, and how might they be used by a public administrator?
-
These team members use all inventory systems extensively, will need "super-user" privileges and will need to understand all system functions listed below. This includes the Receiving and Distribution...
-
McKinsey Article, "How Great Supply Chain Organizations Work", describe, and explain the four (4) degrees (categories) of centralization that has become accepted practice in supply chain organization...
-
Discuss what's the difference between the following and their specific purposes: Product road mapping Product release planning Product backlog planning
-
Discuss how you would decide on the routing, taking into account safety, cost and geography. Include the following in your discussion Prepare a loading and transportation schedule, incorporating...
-
Give rationale of why change management is so difficult for most people Also explain why decision-making is difficult for some people give detailed responses preferably several paragraphs
-
If potassium and oxygen were to bind, describe with words and dot diagrams what would happen to the valence electrons.
-
In the busy port of Chennai, India, the number of containers loaded onto ships during a 15-week period is as follows: 1. Develop a linear trend equation to forecast container loadings. 2. Using the...
-
Which doctrine allows one party to pursue remedies before a breach has occurred? a. Anticipatory repudiation b. Specific performance c. Partial breach d. Equitable remedies e. First remedyPage 226
-
These items are taken from the financial statements of Longhorn Co. at December 31, 2017. Buildings .................................................$105,800 Accounts receivable...
-
These financial statement items are for Fairview Corporation at year-end, July 31, 2017. Salaries and wages payable ...................................$ 2,080 Salaries and wages expense...
-
These items are taken from the financial statements of Martin Corporation for 2017. Retained earnings (beginning of year) .............................. $31,000 Utilities expense...
-
What strategies can organizations employ to proactively identify and mitigate budgetary risks, such as cost overruns, revenue shortfalls, and unforeseen contingencies, in order to safeguard financial...
-
Determine if the following piecewise defined function is differentiable at x=0. f(x)= 3x-5, X0 x + 5X-5, X <0 What is the right-hand derivative of the given function? f(0+h)-f(0) lim h h0+ (Type an...
-
Consider the first order differential equation with initial condition t'+3t2y=2t, y(1)=16 where is a function of time t. 1 a. Show that y= + C +3 where C is an arbitrary constant, is the general...
Study smarter with the SolutionInn App