Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sales taxes collected by a retailer are recorded b

Sales taxes collected by a retailer are recorded by: a. crediting sales taxes revenue b....

80.2K

Verified Solution

Question

Accounting

Sales taxes collected by a retailer are recorded by:

a. crediting sales taxes revenue

b. debiting sales taxes expense

c. crediting sales taxes payable

d. debiting sales taxes payable

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

Find the lowest two \"threefold degenerate excited states\" of the three-dimensional infinite square well potential for...

Physics
Q

Two cells one of 2 V and internal resist ance 1ohm and another of 1...

Physics
Q

Experimental Inquiry What Can You Learn About the Process of Science from Investigating a Cricket...

Statistics
Q

Find equations for two lines that are both tangent to the curve y=x-3x + 3x...

Calculus
Q

5 Evaluate each of the following limits or state that the limit diverges does not...

Calculus
Q

Please help The production planning peniod for flat-screen monitors at Louisiana's Roa...

Accounting
Q

The James Bond Company makes cars and watches. Information about the company...

Accounting
Q

Tampermure Company has three product segments: Prefabrications, Castings, and Forging. Forging seems to be unprofitable...

Accounting
Q

Required information Problem 17-6AA (Algo) Income statement computations and format LO A2 ...

Accounting
Q

The following information is related to December 31, 2021 balances. Accounts receivable $1400000 ...

Accounting
Q

The following information was available for the year ended December 31, 2022: Required: a. Calculate...

Accounting
Q

Calculate the debt equity ratio and the total debt ratio for TRW corp, if the...

Finance