Answer and Explanation:
The journal entry for the recording of sales and sales tax payable is shown below:
Accounts Receivable $3,472
To Sales $3,200
To Sales tax payable $192 ($3,200 × 6%)
To Local tax payable $80 ($3,200 × 2.5%)
(Being the sales and sales tax payable is recorded)
For recording this we debited the account receivable as it increased the asset and credited the sales, sales tax and local tax as it increased the revenue and liabilities
Answer:
Hasalot has a near absolute advantage in Diamontite.
Explanation:
in this scenario, the best which describes the situation that Hasalot has a near absolute advantage in Diamontite.
Ready Repair Service enters into a contract to fix washers and dryers in Scrub n' Dry Company's coin-operated laundries. If Ready Repair breaches by only partially performing the contract, Scrub n' Dry can C. sue Ready Repair for compensatory and consequential damages.
Scrub n' Dry can sue Ready Repair if they do not hold up the full contract that was agreed on. Consequential damages are a type of compensatory damage. Since Scrub n' Dry did not receive all of the compensation they were entitled to based on their initial agreement they can sue to be awarded the funds that were lost. Compensatory damages are only meant to compensate a person for what they lost not punish the other company/individual.
Answer: A. in an area where there are no high end italian restaurants.
Explanation: just took the quiz!