Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. brief exercise 8-8 record sales tax (lo8-4) during

Brief Exercise 8-8 Record sales tax (LO8-4) During December, Far West Services makes a $3,800...

90.2K

Verified Solution

Question

Accounting

Brief Exercise 8-8 Record sales tax (LO8-4)

During December, Far West Services makes a $3,800 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. (Note: the sales tax amount is in addition to the credit sale amount.)

Record sales and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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

How many milliliters of 8.00 M KOH must be added to neutralize the following solution? a...

Chemistry
Q

Any ideas or pointers to how i could draw or \"Trace\" these pathways? Trace the sensory pathway...

Medical Sciences
Q

The table below gives the age and bone density for five randomly selected women. Using this...

Basic Math
Q

other cases 13 A particle is moved along a path AB BC CD DE EF...

Physics
Q

1 point What type of quadrilateral has one pair of opposite sides that are parallel...

Geometry
Q

Middle managers in operations Odevelop advertising plans Odetermine product mix make pricing decisions O develop...

Basic Math
Q

Set a 0 and b 2 Find the area under fix by selecting the ff...

Calculus
Q

There are 100 billion stars in our Milky Way galaxy Based on everything you have...

Algebra
Q

16 1 point Which of the following equations represents this line 000 O y 2x...

Algebra
Q

Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a...

Accounting
Q

I need help with questions 2 and 3 please Strategic initiatives and...

Accounting
Q

George Rentals offers machine rental services for concrete cutting. Consider the following costs of the...

Accounting