When performing small business bookkeeping services, you come across the following situations related to cash sales. 1.
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When performing small business bookkeeping services, you come across the following situations related to cash sales.
1. Crane Company enters sales and sales tax separately at your cash register. On April 10, the record totals are sales $28,500 and sales tax $1,425.
2. Sunland Company does not separate sales and sales taxes. His total record for April 15 is $17,120, which includes 7% sales tax.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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