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gayaneshka [121]
3 years ago
5

Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax

.
1. Record the entry for the $6,000 sale and its sales tax.
2. Record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.
3. Record the cost of Sept. 30th sales.
4. Record the entry that shows the remittance of the 5% tax on this sale to the state government on October 15.
5. Record the cash sales and 3% sales tax.
Business
1 answer:
Eduardwww [97]3 years ago
8 0

Answer:

1.

Sept - 30

DR Cash <u>$6,300</u>

CR Sales <u>$6,000</u>

CR Sales Tax <u>$300</u>

(<em>To record Cash sales and Tax Payable)</em>

<u>Working</u>

Sales Tax = 6,000 * 5%

= <em>$300</em>

2.

Oct - 15

DR Sales Tax Payable <u>$300</u>

CR Cash <u>$300</u>

(<em>To record remittance of Sales Tax to the State Government</em>)

3.

Sept - 30

DR Cost of Goods Sold  <u>$3,900</u>

CR Merchandise Inventory <u>$3,900</u>

(<em>To transfer inventory to Cost of Goods sold) </em>

4. <em>Repeat question for question 2.</em>

5. <em>Repeat question for question 1.</em>

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Hunter-Best [27]

Answer:

•Jayaram is a Limited partner

•Jeevan is an active partner

Explanation:

•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.

Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.

• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.

3 0
3 years ago
B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2018. The change affect
azamat

Answer:

$9120

Explanation:

Using sum of years digit,

5+4+3+2+1=15

5/15*(72000-3600)=22800 for first year

4/15*68400 = 18240 for second year

Total depreciation before change of accounting policy = 22800+18240=41040

Net value of asset at start of 2018 = 68400-41040= 27360

Straight line depreciation for 2018 = 27360/3 = 9120

4 0
3 years ago
Tamadun dalam bahasa Yunani membawa maksud pencapaian yang tinggi dalam kehidupan,sains,industri dan sistem kerajaan.Bincangkan
Mnenie [13.5K]

<u>Translation of question : </u><u>In </u>Greek civilization meant high achievement in life, science, industry and the government system. Discuss this statement.

<u>Explanation:</u>

Civilization denotes the human society which lives in a particular culture, living conditions and the life. The society is not formed in a day it takes centuries to form a culture and way of living.

The achievements and developments one can see in elements such as life, science, industry and government system in a country is the civilization.

Each part of a community has different culture within a country. Civilization is a collective term for the way of living in a country. Some of oldest civilizations are Greek civilization, Mesopotamian civilization etc

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4 years ago
Whose responsibility is it to keep ladders in good condition?
lord [1]

Answer:

B. Employers

Explanation:

Under the  Occupational Safety and Health Administration (OSHA) laws; it is the employer's responsibility to provide employees with a safe workplace.  To ensure employees are safe, OSHA has issued employers with rules, which include.

  1. Provide a workplace free of any dangers
  2. Examine workplace to make conditions are safe for working
  3. Ensure employees have and are using personal protective equipment. PPE
  4. Make sure employees have and make use of safe tools and equipment. The tools should be properly maintained at all times.
  5. Ensures employees are well trained on safety measures
  6. Use color codes and sign to mark dangers areas.

Based on OSHA regulations, the employer should not only provide the ladder but should also make sure it well maintained.

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