Answer:
Date General Ledger Dr. Cr.
1. September 30 Cash $6,300
Sales Tax Payable $300
Sales $6,000
2. September 30 Cost of Goods Sold $3,900
Merchandise Inventory $3,900
3. October 15 Sales Tax Payable $300
Cash $300
Explanation:
Sales Tax is subject to the price of merchandise. Sales tax is collected by the business on the taxable supplies on the behalf of government and paid to the government.
Sales tax amount = 6,000 x 5% = $300
Cost of Merchandise is recorded as cost of goods sold and deducted from the merchandise inventory.
The assets that should be recorded in the balance sheet are $320 billion.
The computation of the asset is given below:
= Loans made to Commercial Banks + All Other types of Assets + Securities
= $255 billion + $64 billion + $1 billion
= $320 billion
Therefore we can conclude that the assets that should be recorded in the balance sheet are $320 billion.
Learn more about the balance sheet here: brainly.com/question/22988522
Answer:
a. True
Explanation:
The environment scanning means the scanning of the environment. In this, the information is collected with respect to the events and their relationship of an organization that could be internal and external. The main motive of this is to be measure the direction of the organization in near future
Also it identified the factor that impacts the success of the marketing
Therefore the given statement is true
The only way I can think of is that the interchange fee cap would reduce the cost of doing business for the merchant, so they might reduce their prices slightly for all customers as a result. Of course many merchants will just keep the prices the same and be happy for the extra profit in which case the consumer doesn't benefit - just the merchant.
Answer:
taxes and no money management
Explanation:
some comes out of taxes and you do not know what to do with so much money
