Question: View Policies Current Attempt in Progress Bramble Surplus made cash sales during the month of October of $379000. The sales are subject to a 6%

View Policies Current Attempt in Progress Bramble Surplus made cash sales during the month of October of $379000. The sales are subject to a 6% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? Credit Sales Revenue for $351483 Debit Accounts Receivable for $379000. Credit Sales Taxes Payable for $22740, Credit Sales Taxes Payable for $21452

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 Accounting Questions!

Question 26 of 32 -/1 View Policies Current Attempt in Progress Bramble Surplus made cash sales during the month of October of $392000. The sales are subject to a 5% sales tax that was also...

Current Attempt in Progress Sunland Surplus made cash sales during the month of October of $378000. The sales are subject to a 5 sales tax that was also collected. Which of the following would be...

Marigold owes $2.3 million that is due on February 28. The company borrows $1750000 on February 25 (5-year note) and uses the proceeds to pay down the $2.3 million note and uses other cash to pay the...

View Policies Current Attempt in Progress Bramble Bikes Ltd. reports cash sales of $6,200 on October 1. (a) Record the sales assuming they are subject to 13 % HST. (b) Record the sales assuming they...

Cb Question 20 of 20 Question 20 of 20 View Policies Current Attempt in Progress Bramble, Inc. has budgeted sales revenues as follows: Credit sales Cash sales Total sales June $140,000 91,000...

Question 4 of 12 -/7 E View Policies Current Attempt in Progress Bramble Industries expects credit sales for January February, and March to be $206,800, 5244,400, and $282,000, respectively. It is...

Multiple Choice Question 97 Bramble Surplus made cash sales during the month of October of $392000. The sales are subject to a 5% sales tax that was also collected. Which of the following would be...

Question 4 of 31 - 12 View Policies Current Attempt in Progress Compton Inc. made a $500 ordinary repair to a piece of equipment. Compton's accountant debited this amount to the asset a Equipment,...

5 of 8 View Policies Current Attempt in Progress Bramble Development, Inc. has budgeted sales revenues as follows: Budgeted Sales Revenues January $57,000 February 66.000 March 90,000 April 88,000...

Concord Corporation reported the following information for 2016: October November December Budgeted sales $490000 $450000 $550000 Budgeted purchases $298000 $270000 $286000 . Cost of goods sold is...

In Exercises, match the equations or inequalities with one of the graphs (a)-(h),which follow. a. b. c. d. e. f. g. h. 1. x + y = 7, 2x - y = 5 2. 3x - 5y = -8, 4x + 3y = -1 3. y = 2x - 1, 4x - 2y =...

Describe the differences among tariffs duties, landed costs, and value- added taxes.

21. Fionas Florals, a retail business, started a $400 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and...

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

4. Describe the aims of the selection process and describe a methodical approach that can be used to achieve these aims.

suggest a range of work sample exercises and design them

1. Choose three different job advertisements from three different sources (one from an Internet recruitment site, one from a newspaper and one from an employers corporate website). Comment on the...