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xz_007 [3.2K]
3 years ago
7

Dextra Computing sells merchandise for $17,000 cash on September 30 (cost of merchandise is $11,900). The sales tax law requires

Dextra to collect 3% sales tax on every dollar of merchandise sold. Record the entry for the $17,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 3% tax on this sale to the state government on October 15.
Business
1 answer:
grigory [225]3 years ago
7 0

Answer:

Journal entries

Explanation:

1.  Cash $17,510

       To Sales revenue $17,000

       To Sales tax payable $510    ($17,000 × 3%)

(Being the sale is recorded)

2. Cost of goods sold $11,900

          To Merchandise inventory $11,900

(Being the cost of merchandise is recorded)

3. Sales tax payable $510

          To Cash $510

(Being the payment is recorded)

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An assurance means the knowledge and courtesy of employees and their ability to convey trust.

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Therefore, the Option A is correct.

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6 0
2 years ago
The best indication of a property's value comes from:
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I believe the correct answer is option C. The best indication of a property's value comes from recently sold properties. A property's value would be higher when the place is a transportation access point and around it many infrastructure are present or it is a tourist spot.
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3 years ago
Discuss whether or not demand for laser eye surgery will become more inelastic over time
Iteru [2.4K]

Answer:

It will be demanded more or used more because as we advance in technology more people will start to use these new electronics so many people with get their eyesight ruined by the constant blue light their eyes are receiving which will lead to people getting laser eye surgery to fix their damaged eyes.

Explanation:

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3 years ago
Which of the following most accurately describes one of the powers of stock holdiers
Lunna [17]

Answer:

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5 0
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krek1111 [17]

Answer:

The simple rate of return on the investment is closest to: C. 10.6%

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This is the net income from the equipment per year

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