Panda Hotel offers the following services to its guests and from which revenues were derived for the quarter, as follow:RevenuesCollectionsHotel roomsP1,250,000 984,000Dining hall:Sale of food and940,000860,000refreshmentsSale of wine,780,000620,000beer and liquorsMusic lounge:Admission fee25,00015,000Sale of food and250,000115,000softdrinksSale of wines,beer and liquor650,000540,000 The amusement tax due if the BIR registration of the music lounge is separate from the registration of the hotel -Select the correct response:110,700120,600386,640552,240

Amusement tax, tax on general admission expenses to entertainment and leisure events. Taxes may be…

Answered: The amusement tax due if the BIR…

The amusement tax due if the BIR registration of the music lounge is separate from the registration of the hotel Select the correct response: 110,700 120,600 386,640 552,240

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 2Q: A beverage wholesale outlet sells beverages by the case. On April 13, a customer purchased 18 cases...

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