The balances of certain accounts of Camille Corporation on April 30, 20X1, were as follows: Sales $
Question:
The balances of certain accounts of Camille Corporation on April 30, 20X1, were as follows:
Sales $ 330,000
Sales Returns and Allowances 4,500
The firm’s net sales are subject to an 8 percent sales tax. Prepare the general journal entry to record payment of the sales tax payable on April 30, 20X1.
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Related Book For
College Accounting Chapters 1-30
ISBN: 9781260247909
16th Edition
Authors: David Haddock, John Price, Michael Farina
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