Zom Inc. makes a sale for $400. The company is required to collect sales taxes amounting to 9%, What is the amount that will be credited to the Sales Tax Payable account? Multiple Cholce $36 $33 $200 $39

Zom Inc. makes a sale for $400. The company is required to collect sales taxes amounting to 9%, What is the amount that will be credited to the Sales Tax Payable account? Multiple Cholce $36 $33 $200 $39

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 6RE: Smith Company is required to charge customers an 8% sales tax on all goods it sells. At the time of...

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Question

MC Qu. 10-86 Zorn Inc. makes a sale for...
Zorn Inc. makes a sale for $400. The company is required to collect sales taxes amounting to 9%. What is the amount that will be credited to the Sales Tax Payable account?
Multiple Cholce
$36
$33
$200
$39
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