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 163 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
Great answer, keep it coming :)

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

The Dall sheep, Ovis dalli, a mountain sheep of far northern North America, was the subject of one o The Dall sheep, Ovis dalli, a mountain sheep of far northern North America, was the subject of one o
Human infants are like all other placental mammals, except they are born at a less developed state. Human infants are like all other placental mammals, except they are born at a less developed state.
Drug elimination: half-life to steady state. Drug elimination: half-life to steady state.
The Steady State of the Solow Model The Steady State of the Solow Model
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: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library