During the month of June, Danielle's Boutique had cash sales of R$265,000 and credit sales of R$153,700,
Question:
Instructions
a. Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements.
b. How would the adjusting entry change if the 6% tax was a VAT rather than a sales tax?
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a June 30 Sales Revenue 23700 Sales Taxes Payable 23700 Computation Sal...View the full answer
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Related Book For 
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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