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Anna [14]
3 years ago
9

During December, Far West Services makes a $2,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.

5%.
Required:
Record sales and sales tax payable.
Business
1 answer:
Leno4ka [110]3 years ago
3 0

Answer:

Total sales tax payable:170, sales :2000

Explanation:

Sale price x sales tax rate = sales tax payable

2000 x .085 (6%+2.5%) = 170

it doesn’t say so I’m assuming that the 2,000 credit sale does NOT include the sales tax due.

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