Answer: D. Debit to Accounts Receivable of $1,620 and a debit to Cash of $1,080.
Explanation:
Route 66 Gift Shop records sales and sales tax separately so we would have to account for both of them in the amount recorded in the Journal Entry.
For the Accounts Receivables therefore the figure we would record is,
= 1,500 + 1500(0.08)
= $1,620
For the Cash Sales would be
= 1,000 + 1000(0.08)
= $1,080
Therefore option D is correct.
19.72
9.50
+ 35.00
$ 64.22 total outstanding checks
So the person(s) speaking will know that you understand what they are speaking about.
Command – decisions are made with no involvement.
Consult – invite input from others.
Vote – discuss options and then call for a vote.
Consensus – talk until everyone agrees to one decision
14%
Margin of Safety:
[(current sales - break even)/current sales] * 100
(12900-11094)/12900] *100
(1806/12900)*100
.14*100 = 14%
