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: E10-4

Answer

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
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