Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 10 - Reporting and Analyzing Liabilities - Exercises - Page 545: E10-4


Step1: Debit Credit April. 10 Cash 26,750 dollars Sales 25,000 dollars Sales Tax Payable 1,750 dollars Step2: April. 10 Cash 13,780 dollars Sales 13,000 dollars Sales Tax Payable 780 dollars

Work Step by Step

Step1: To record daily sales and sales taxes Step2: To record daily sales and sales taxes
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.