Web Design Services billed its customers a total of $490,200 for the month of August, including 9

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Web Design Services billed its customers a total of $490,200 for the month of August, including 9 percent federal excise tax and 5 percent sales tax.

1. Determine the proper amount of service revenue to report for the month.

2. Prepare an entry in journal form to record the revenue and related liabilities for the month.

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 12:46 AM

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Web Design Services billed its customers a total of $490,200 for the month of August, including 9

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1 Amount of service revenue determined Service revenue for the month 49020...View the full answer

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