Question: Question 9 4.75 pts On 7/1. the beginning balance in sales tax payable is a $50,000 credit. On 7/15, a $45.000 cash payment is made
Question 9 4.75 pts On 7/1. the beginning balance in sales tax payable is a $50,000 credit. On 7/15, a $45.000 cash payment is made to the governing authority for the sales taxes collected, which results in which of the following: OOOO Assets decrease and stockholders' equity increase. Assets increase and liabilities decrease. Assets decrease and liabilities decrease. Assets decrease and expenses decrease. Assets decrease and expenses increase. Assets increase and stockholders' equity decrease. e Question 10 4.75 pts On 9/1. Bugsy Pest Control receives $12,000 in advance to provide provide pestcontrol services to a client over the next 5 months. When the business transaction is recorded on 9/1, what amount, if any, would be recorded for Service Revenue? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only Input: 24123
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