This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Capitol Chimney Co. had sales on account of $30,500 which were subject to state sales tax of 8%. The ... (Read 151 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
on: Feb 18, 2020
Capitol Chimney Co. had sales on account of $30,500 which were subject to state sales tax of 8%. The entry to record the sales would be to:
◦ debit Accounts Receivable, $30,500; credit Sales revenue, $30,500.
◦ debit Accounts Receivable, $30,500; debit Sales tax payable, $2,440; credit Sales revenue, $32,940.
◦ debit Accounts Receivable, $32,940; credit Sales revenue, $30,500; credit Sales tax payable, $2,440.
◦ debit Accounts Receivable, $32,940; credit Sale revenue, $32,940.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by frankwu on Feb 18, 2020

LP

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


frankwu

  • Member
  • Posts: 549
Reply 2 on: Feb 18, 2020
Excellent

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

In this 1900 cartoon, oil baron John D. Rockefeller holds the White House in the palm of his hand wh In this 1900 cartoon, oil baron John D. Rockefeller holds the White House in the palm of his hand wh
Enthalpic stabilization of the transition state in an enzyme-catalyzed reaction Enthalpic stabilization of the transition state in an enzyme-catalyzed reaction
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Video: Atrophy

For a complete list of videos, visit our video library