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patriot [66]
3 years ago
15

Crane Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $23,000 a

nd sales taxes $1,150. 2. Sunland Company does not segregate sales and sales taxes. Its register total for April 15 is $14,840, which includes a 6% sales tax.Prepare the entry to record the sales transactions and related taxes for Crane Company.
Business
1 answer:
Lina20 [59]3 years ago
7 0

Answer:

1. Crane Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $23,000 and sales taxes $1,150.

                                      Dr.                 Cr.

Cash                           $24,150

Sales                                                $23,000

Sales tax Payable                           $1,150

<u>                                                                                                                             </u>

2. Sunland Company does not segregate sales and sales taxes. Its register total for April 15 is $14,840, which includes a 6% sales tax.

                                      Dr.                 Cr.

Cash                           $14,840

Sales                                                $14,000

Sales tax Payable                           $840

Working:

Sales Tax = ( $14,840 / 106 ) x 6 = $840

Sales = $14,840 - $840 = $14,000

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elena-s [515]
23 is the answer because perfect square is between 20 and 30 is 25 and since the number is prime is has to be 23.
8 0
3 years ago
Let’s assume that each person in the United States consumes an average of 39 gallons of soft drinks (non-diet) at an average pri
icang [17]

Answer:

Instrucitons are listed below.

Explanation:

Giving the following information:

Let’s assume that each person in the United States consumes an average of 39 gallons of soft drinks (non-diet) at an average price of $2.00 per gallon and that the U.S. population is 295 million. At a price of $1.50 per gallon, each consumer would demand 49 gallons of soft drinks.

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8 0
3 years ago
noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to
notka56 [123]

Noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to <u>net income</u>

In accounting, noncash objects are monetary gadgets which include depreciation and amortization which can be protected inside the enterprise' internet profits, but which do now not have an effect on the coins go with the flow.

Those non-coins sports may additionally include depreciation and amortization, in addition to obsolescence. Property, plant and gadget resides on the balance sheet. Those items are taken at the earnings assertion in small increments called depreciation or amortization.

They ought to be incorporated within the assertion of coins flows in a phase classified, "Significant Noncash Transactions."

Learn more about Noncash items here:- brainly.com/question/14008987

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5 0
1 year ago
What is a major function of the public sector
Flauer [41]

Answer:

Public sector provides many services such as; education, health and social care.

3 0
3 years ago
Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme
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Answer:

$17.97 per unit

Explanation:

Using weighted average method, Equivalent units = Units that are completed during the period + Equivalent units in process at the end of period.

Equivalent units = 8,500 + 2,000*90%

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Equivalent units = 10,300

Cost per equivalent unit for materials = (Beginning costs + Current costs) / Equivalent units

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Cost per equivalent unit for materials = $185,100 / 10,300 units

Cost per equivalent unit for materials = $17.97 per unit

8 0
3 years ago
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