Homework Answers
Journal entries:
| Date | account title | debit | credit |
|---|---|---|---|
| September 30 |
cash Sales Sales tax payable ($5000 x 8%) |
$5400 . . |
. $5000 $400 |
| September 30 |
Cost of goods sold Merchandise inventory |
$3000 . |
. $3000 |
| October 15 |
Sales tax payable Cash |
$400 . |
. $400 |
Add Answer to:
Dextra Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). Dextra...
Dextra Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). The...
Dextra Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). The sales tax law requires Dextra to collect 8% sales tax on every dollar of merchandise sold. Record the entry for the $5,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 8 % tax on this sale to the state government on October 15 View transaction list extra Computing sells merchandise for $5,000 cash on September 30...
Dextra Computing sells merchandise for $8,000 cash on September 30 (cost of merchandise is $5,600). The...
Dextra Computing sells merchandise for $8,000 cash on September 30 (cost of merchandise is $5,600). The sales tax law requires Dextra to collect 2% sales tax on every dollar of merchandise sold. Record the entry for the $8,000 sale and its applicable sales tax Also record the entry that shows the payment of the 2% tax on this sale to the state government on October 15. View transaction list Journal entry worksheet Record the cash sales and 2% sales tax....
Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). The...
Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires Dextra to collect 9% sales tax on every dollar of merchandise sold. Record the entry for the $20,000 sale and its applicable sales tax. Also record the entry that shows the payment of 9% tax on this sale to the state government on October 15. View transaction list Journal entry worksheet 2 3 Record the cash sales and 9% sales...
QS 9-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $16,000 cash on...
QS 9-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). Dextra collects 10% sales tax. Record the entry for the $16,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15. Journal entry worksheet 1 2 3 Record the cash sales and 10% sales tax. Note: Enter debits before credits. General Journal...
QS 11-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $8,000 cash on...
QS 11-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $8,000 cash on September 30 (cost of merchandise is $5,600). The sales tax law requires Dextra to collect 2% sales tax on every dollar of merchandise sold. Record the entry for the $8,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 2% tax on this sale to the state government on October 15. View transaction list Journal entry worksheet...
Dextra Computing sells merchandise for $4,000 cash on September 30 (cost of merchandise is $2,800). The...
Dextra Computing sells merchandise for $4,000 cash on September 30 (cost of merchandise is $2,800). The sales tax law requires Dextra to collect 6% sales tax on every dollar of merchandise sold. Record the entry for the $4,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 6% tax on this sale to the state government on October 15.
Dextra Computing sells merchandise for $9,000 cash on September 30 (cost of merchandise is $7,200). The sales tax law re...
Dextra Computing sells merchandise for $9,000 cash on September 30 (cost of merchandise is $7,200). The sales tax law requires Dextra to collect 7% sales tax on every dollar of merchandise sold. Record the entry for the $9,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 7% tax on this sale to the state government on October 15.
Waupaca Company establishes a $420 ptty cash fund on September 9. On September 30, the fund...
Waupaca Company establishes a $420 ptty cash fund on September 9. On September 30, the fund shows $179 in cash along with receipts for the following expenditures: transportation-in, $54; postage expenses, $50; and miscellaneous expenses, $129. The petty cashier could not account for a $8 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory Prepare (1) the September 9 entry to establish the fund. (2) the September 30 entry to reimburse the fund, and...
Willard Company established a $370 petty cash fund on September 9, 2020. On September 30, the...
Willard Company established a $370 petty cash fund on September 9, 2020. On September 30, the fund had $147.50 in cash along with receipts for these expenditures: transportation-in, $30.00, office supplies, $105.00, and repairs expense, $82.50. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $5.00 shortage in the fund. a. Prepare the September 9 entry to establish the fund. View transaction list Journal entry worksheet Record the entry to establish...
On September 1, Home Store sells a mower (that costs $160) for $460 cash with a...
On September 1, Home Store sells a mower (that costs $160) for $460 cash with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $32 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty...
Dextra Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). The sales tax law requires Dextra to collect 8% sales tax on every dollar of merchandise sold. Record the entry for the $5,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 8 % tax on this sale to the state government on October 15 View transaction list extra Computing sells merchandise for $5,000 cash on September 30...
Dextra Computing sells merchandise for $8,000 cash on September 30 (cost of merchandise is $5,600). The sales tax law requires Dextra to collect 2% sales tax on every dollar of merchandise sold. Record the entry for the $8,000 sale and its applicable sales tax Also record the entry that shows the payment of the 2% tax on this sale to the state government on October 15. View transaction list Journal entry worksheet Record the cash sales and 2% sales tax....
Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires Dextra to collect 9% sales tax on every dollar of merchandise sold. Record the entry for the $20,000 sale and its applicable sales tax. Also record the entry that shows the payment of 9% tax on this sale to the state government on October 15. View transaction list Journal entry worksheet 2 3 Record the cash sales and 9% sales...
QS 9-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). Dextra collects 10% sales tax. Record the entry for the $16,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15. Journal entry worksheet 1 2 3 Record the cash sales and 10% sales tax. Note: Enter debits before credits. General Journal...
QS 11-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $8,000 cash on September 30 (cost of merchandise is $5,600). The sales tax law requires Dextra to collect 2% sales tax on every dollar of merchandise sold. Record the entry for the $8,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 2% tax on this sale to the state government on October 15. View transaction list Journal entry worksheet...
Dextra Computing sells merchandise for $4,000 cash on September 30 (cost of merchandise is $2,800). The sales tax law requires Dextra to collect 6% sales tax on every dollar of merchandise sold. Record the entry for the $4,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 6% tax on this sale to the state government on October 15.
Waupaca Company establishes a $420 ptty cash fund on September 9. On September 30, the fund shows $179 in cash along with receipts for the following expenditures: transportation-in, $54; postage expenses, $50; and miscellaneous expenses, $129. The petty cashier could not account for a $8 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory Prepare (1) the September 9 entry to establish the fund. (2) the September 30 entry to reimburse the fund, and...
Willard Company established a $370 petty cash fund on September 9, 2020. On September 30, the fund had $147.50 in cash along with receipts for these expenditures: transportation-in, $30.00, office supplies, $105.00, and repairs expense, $82.50. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $5.00 shortage in the fund. a. Prepare the September 9 entry to establish the fund. View transaction list Journal entry worksheet Record the entry to establish...
On September 1, Home Store sells a mower (that costs $160) for $460 cash with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $32 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty...
Most questions answered within 3 hours.
-
If X ~ N(50; 100); Determine the value of '' k '' for both
situation:
a)...
asked 1 minute ago -
In paired t-test, what's the difference between using pooled
variance and using the standard deviation of...
asked 2 minutes ago -
Present one method for changing health behavior that you think is
particularly effective.
Describe how one...
asked 4 minutes ago -
What are the major ethical theories, and how do they apply to
the role of a...
asked 2 minutes ago -
Is Goldicks negligent conduct committed within the
scope of his employment for Lapp Roofing liable
asked 17 minutes ago -
What are the effects of IMC-based PID controller and
Zeigler-Nicholas parameters on the specifications of a...
asked 22 minutes ago -
1. Explain the tem (10) Key Success Factors in Contemporary
Selling
asked 35 minutes ago -
It's absolutely linked, the effectiveness of the CP Coordinator
and the success of the business impact...
asked 45 minutes ago -
where does leadership reside in belief theory
asked 44 minutes ago -
Jane wants to purchase a bond with a face value of $8,595 and a
bond rate...
asked 46 minutes ago -
A bolt manufacturer wants to investigate the machine that
produces bolts with a diameter of 0.28...
asked 48 minutes ago -
DP Gumby produces sleeveless sweaters. He can separate the
demand function into a domestic component: QD=...
asked 1 hour ago