Brief Exercise 10-03 Sheffield Corp. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,370. All sales are subject to a 6% sales tax.Compute sales taxes payable. Sales taxes payable $ enter a dollar amount Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16 enter an account title to record sales taxes payable and sales on March 16 enter a debit amount enter a credit amount enter an account title to record sales taxes payable and sales on March 16 enter a debit amount enter a credit amount enter an account title to record sales taxes payable and sales on March 16 enter a debit amount enter a credit amount
Brief Exercise 10-03 Sheffield Corp. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,370. All sales are subject to a 6% sales tax.Compute sales taxes payable. Sales taxes payable $ enter a dollar amount Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16 enter an account title to record sales taxes payable and sales on March 16 enter a debit amount enter a credit amount enter an account title to record sales taxes payable and sales on March 16 enter a debit amount enter a credit amount enter an account title to record sales taxes payable and sales on March 16 enter a debit amount enter a credit amount
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter12: Special Journals
Section: Chapter Questions
Problem 6SPB: SALES JOURNAL T. M. Maxwell owns a retail business and made the following sales during the month of...
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Brief Exercise 10-03
Sheffield Corp. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,370. All sales are subject to a 6% sales tax.
Compute sales taxes payable.
Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Compute sales taxes payable.
Sales taxes payable
|
$ enter a dollar amount
|
---|
Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
|
Account Titles and Explanation
|
Debit
|
Credit
|
---|---|---|---|
Mar. 16
|
enter an account title to record sales taxes payable and sales on March 16
|
enter a debit amount
|
enter a credit amount
|
enter an account title to record sales taxes payable and sales on March 16
|
enter a debit amount
|
enter a credit amount
|
|
enter an account title to record sales taxes payable and sales on March 16
|
enter a debit amount
|
enter a credit amount
|
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