Jones Supply Co sold merchandise on account to J. Smith, invoice no. 151, for 185.50, plus 6 sales tax. What is the entry made to Accounts Receivable and Sales Tax Payable respectively?
a. 185.50 DR, 11.13 CR
b. 185.50 CR, 11.13 DR
c. 196.63 DR, 11.13 CR
d. 196.63 CR, 11.13 DR
Question 2
A government levies property taxes and awards discounts for timely payment. How should estimated discounts to be taken be accounted for and reported?
a. Reported as expenditures in the year the taxes are levied.
b. Reported as expenditures in the year the discounts are awarded for early payments received.
c. Reported as other financing uses.
d. Deducted from the amount of taxes levied to determine property tax revenues.
Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Ben Jones, Black Face and Arm Unit.
Kiki Smith, Guide.
Marginal Supply - Demand Curve
The original Supply and Demand graph