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vlada-n [284]
3 years ago
8

Knowledge Check 02 On February 28, the Jewelry store remits $975 of sales tax collected from its customers to the government. Pr

epare the February 28 journal entry for the Jewelry store by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
kodGreya [7K]3 years ago
7 0

Answer:

Please refer to the below

Explanation:

Journal entry as seen below

Feb 28 Sales tax payable Dr $975

Cash Cr $975

Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.

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Answer:

Cost of service to provide one haircut is $ 11.04

Explanation:

Hair saloon expense: $500

Building rent expense: $1,458

Utilities expense: $200

Depreciation expense --- Equipment: $50

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= $500 + $1,458 + $200 + $50

= $ 2,208

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=  $ 11.04

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Answer:

C. A proposal of products that will solve the prospect's problems.

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Smarton Company is in the process of preparing its budgeted income statement. It has determined its estimated gross margin to be
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Answer:

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Explanation:

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An easement that is acquired by a use that is hostile to the interests of the owner is an easement by ???
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