Question: Answer..... BE11-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $16,380.

Answer.....

Answer..... BE11-3 Coghlan Auto Supply does not segregate sales and sales taxes

BE11-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $16,380. All sales are subject to a 5% sales tax. Compute sales taxes payable, and make the entry to record sales taxes payable and sales revenue

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Calculate the Market Debt/EBITDA ratio given the following fact pattern. Please enter your answer as a multiple with one decimal (for example, 4.0x) Assume no cash Prior-year EBITDA is $50m but is...

Q:

May I have assistance in completing this question Brief Exercise 11-3 Brief Exercise 11-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for...

Q:

May I have assistance in completing this question Brief Exercise 11-3 Brief Exercise 11-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for...

Q:

Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $14,560. All sales are subject to a 4% sales tax. Brief Exercise 10-3 $14,560. All...

Q:

Still not understanding any of this even after going back and reviewing the information. Help is appreciated. Thanks in advance. Question 1 Identify the three types of employer payroll taxes. How are...

Q:

Still not understanding any of this even after going back and reviewing the information. Help is appreciated. Thanks in advance. Question 1 Identify the three types of employer payroll taxes. How are...

Q:

Still not understanding any of this even after going back and reviewing the information. Help is appreciated. Thanks in advance. Question 1 Identify the three types of employer payroll taxes. How are...

Q:

Still not understanding any of this even after going back and reviewing the information. Help is appreciated. Thanks in advance. Question 1 Identify the three types of employer payroll taxes. How are...

Q:

Coghlan Auto Supply docs not segregate sales and sales taxes at the time of sale. The register total for March 16 is $16, 380. All sales arc subject to a 5% sales tax. Compute sales taxes payable,...

Q:

Compute and record sales taxes payable. (LO_L) Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $16, 380. All sales are subject to...

Q:

Brief Exercise 11-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $34,100. All sales are subject to a 10% sales tax. Incorrect...

Q:

What are investment products? What advantages might they bring to an institution choosing to offer these services?

Q:

Rent-to-own (RTO) stores allow consumers immediate access to merchandise in exchange for a series of weekly or monthly payments. The agreement is for a fixed time period. At the same time, the...

Q:

What journal entries should you record for December 1 , December 1 5 , and December 3 1 in Year 5 for dividends?

Q:

please help with the following: Straight line depreciation for year 1-5 double-declining balance method yr 1-5 if possible, please use excel and show what formulas used so i can better understand...

Q:

Discuss the importance of workforce planning.

Q:

Differentiate between a mission statement and a vision statement.

Q:

1. Which features of organizations do managers need to know about to build and use information systems successfully?