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Business, 09.07.2019 04:30 christyr2002

Hudson hotel collects 15% in city sales taxes on room rentals, in addition to a $2 per room, per night, occupancy tax. sales taxes for each month are due at the end of the following month, and occupancy taxes are due 15 days after the end of each calendar quarter. on january 3, year 5, hudson paid its november year 4 sales taxes and its fourth quarter year 4 occupancy taxes. additional information pertaining to hudson’s operations is year 4 room rentals room nights october $100,000 1,100 november 110,000 1,200 december 150,000 1,800 what amounts should hudson report as sales taxes payable and occupancy taxes payable in its december 31, year 4, balance sheet? sales tax occupancy taxes

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Hudson hotel collects 15% in city sales taxes on room rentals, in addition to a $2 per room, per nig...
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