Tamarisk, Inc. Supply does not segregate sales and sales taxes at the time of sale. The register
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Tamarisk, Inc. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $14,840. All sales are subject to a 6% sales tax. Compute sales taxes payable. Sales taxes payable A Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 16 Cash Sales Taxes Payable 960 Sales Revenue Debit 16960 N Credit 960
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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