A. On July 15, Piper Company sold $18,000 of merchandise (costing $9,000) for cash. The sales tax rate is 4%. On August 1, Piper sent the sales tax collected from the sale to the government.
b. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $540 cash. On November 20, the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales).
Required:
Record the entry for cash sales and its sales taxes.
Answers: 3
Business, 22.06.2019 08:30
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Business, 22.06.2019 16:40
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A. On July 15, Piper Company sold $18,000 of merchandise (costing $9,000) for cash. The sales tax ra...
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