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

Author Question: Team Shirts sold 125 worth of T-shirts to a customer on credit. This transaction includes ________. ... (Read 278 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jul 5, 2018
Team Shirts sold 125 worth of T-shirts to a customer on credit. This transaction includes ________.
 
  A) an account receivable
  B) an account payable
  C) a prepaid sale
  D) T-shirt expense

Question 2

Merchandise is sold for cash. The selling price of the merchandise is 6,000 and the sale is subject to a 7 state sales tax. The journal entry to record the sale would include a credit to
 a. cash for 6,000
  b. sales for 6,240
  c. sales tax payable for 420
  d. sales for 5,580


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

c


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Cats sold for meat alongside ducks Cats sold for meat alongside ducks
Nurses may collaborate with social workers, physicians, and other members of the health care team to Nurses may collaborate with social workers, physicians, and other members of the health care team to
The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper
This typical die grinder surface preparation kit includes the air-operated die grinder and a ... This typical die grinder surface preparation kit includes the air-operated die grinder and a ...
Step 1 is to verify the customer concern or problem. If the problem cannot be verified, then the ... Step 1 is to verify the customer concern or problem. If the problem cannot be verified, then the ...
In 1964 a team of Russian scientists smashed a neon nucleus into a plutonium tar In 1964 a team of Russian scientists smashed a neon nucleus into a plutonium tar
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library