Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. becah's boot co. had sales of merchandise of $9,70

Becah's Boot Co. had sales of merchandise of $9,700 in cash, and sales on account...

90.2K

Verified Solution

Question

Accounting

Becah's Boot Co. had sales of merchandise of $9,700 in cash, and sales on account totaled $24,200 on January 30th.

All sales are subject to an 10% sales tax.

Becah's Boot Co. had a balance of $320 in its Sales Tax Payable account at the start of the period.

On February 15th., Becah's Boot Co. paid $1,880 of sales tax to the state.

Journalize the transaction to record the sale of June 5. Ignore cost of goods sold.

Also, journalize the transaction for the payment of taxes to the state.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of...

Finance
Q

A tank contains 21 kg of dry air and 0.3 kg of water vapor at 30°C...

Mechanical Engineering
Q

3 Three rods lengths 21 1 1 made of the same material and having the...

Physics
Q

A ray of light travelling in the direction i 31 onvon M sido is incident...

Physics
Q

Centerville is the headquarters of Greedy Cablevision Inc. The cable company is about to expand...

Basic Math
Q

4x Julie has two formal events to go to She has six formal dresses two...

Algebra
Q

4 In a clinical study of divalproex sodium DEPAKOTE in patients prone to migraine headaches...

Algebra
Q

Consider the function f z 9 12z 3x Determine without graphing whether the function has...

Algebra
Q

In 2021, the Westgate Construction Company entered into a contract to...

Accounting
Q

Maben Company was started on January 1, Year 1, and experienced the following events...

Accounting
Q

i need help with this transaction i only have 2 tries left. i have CASH...

Accounting
Q

What is the XYZ'S WACC if the firm is financed 397 by debt. 42% by...

Finance