A company sells $180,000 (sales price) of goods and collects sales tax of 8%. What current liability does the sale create? A. Sales tax payable of $14,400 B. Sales revenue of $194,400 C. Unearned revenue of $14,400 D. None; the company collected cash up front

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A: As posted multiple independent questions we are answering only first question kindly repost the…

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A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A company sells $180,000 (selling price) of goods and collects sales tax of 8%. What current…

A: Current liability refers to the short-term obligations which is due within the time span of one year…

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Q: A company sells $180,000 (selling price) of goods and collects sales tax of 8%. What current…

A: Current LiabilitiesCurrent liabilities are refers as the short term financial liabilities which are…

Q: A company sells $170,000 (sales price) of goods and collects sales tax of 5%. What current liability…

A: Sales tax collected = Sales x sales tax rate = $170,000 x 5% = $8,500

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A: The question is based on the concept of Financial Management.

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A: Gross profit = Sales - Cost of merchandise sold. First, compute the total sales as shown below:

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A: The question is multiple choice question  Required  Choose the Correct Option.

Q: A company sells 180,000 (sale price) of goods and collect sales tax of 8%. What current liability…

A: Current liability means the amount which the business has the obligation to pay within short term…

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A:

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