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solmaris [256]
3 years ago
8

In providing accounting services to small business, you encounter the following situations pertaining to cash sales.

Business
1 answer:
Brrunno [24]3 years ago
5 0

Answer:

Kindly see Explanation

Explanation:

April 10:

Dr Cash 37,800

Cr Sales 34,500

Cr Sales taxes 3,300

April 15:

Dr Cash 28,080

Cr Sales 26,000

Cr Sales taxes 2,080

Cash = 34500+3300 = 37800

Sales = 28080/1.08 = 26000

Sales tax (28080 - 26000) = 2080

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What is important to know about yourself when making a career choice?
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3 years ago
Under the allowance method of accounting for uncollectible accounts, a. the cash realizable value of accounts receivable is grea
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Answer:

c. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off.

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8 0
3 years ago
The Assembly Department of One Roof, Inc., manufacturer of computers, incurred $300,000 in direct material costs and $70,000 in
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Answer:

D) $116.67 per EUP

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Zone of service

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6 0
3 years ago
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