Sales Tax
Far and Wide Broadband provides Internet connection services to customers living in remote areas. During February 2020, it billed a customer a total of $295,000 before taxes. Weston also must pay the following taxes on these charges:
a. State of Kansas sales tax of 6%
b. Federal excise tax of 0.2%
c. State of Kansas use tax of 0.4%
Required:
Assuming Far and Wide collects these taxes from the customer, what journal entry would Far and Wide make when the customers pay their bills?
Accounting Information Systems
Corporate Financial Accounting
Financial & Managerial Accounting
Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Economics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Probability and Statistics for Engineering and the Sciences
Foundations of Business (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Financial And Managerial Accounting
Database Systems: Design, Implementation, & Management
A Guide to SQL
Database Systems: Design, Implementation, & Management
Fundamentals of Information Systems
Principles of Information Security (MindTap Course List)
Fundamentals of Information Systems
Principles of Information Systems (MindTap Course List)
Precision Machining Technology (MindTap Course List)
Fundamentals of Geotechnical Engineering (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Mechanics of Materials (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Automotive Technology: A Systems Approach (MindTap Course List)
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
Management Of Information Security
Electric Motor Control
Solid Waste Engineering
International Edition---engineering Mechanics: Statics, 4th Edition
EBK ELECTRICAL WIRING RESIDENTIAL
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
Principles of Geotechnical Engineering (MindTap Course List)
Automotive Technology
Steel Design (Activate Learning with these NEW titles from Engineering!)
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Structural Analysis
Network+ Guide to Networks (MindTap Course List)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Accounting (Text Only)
Survey of Accounting (Accounting I)
Financial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Financial Accounting
Financial & Managerial Accounting
Accounting Information Systems
College Accounting (Book Only): A Career Approach
Corporate Financial Accounting
Managerial Accounting
Intermediate Accounting: Reporting And Analysis
Cornerstones of Cost Management (Cornerstones Series)
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27
Essentials of Economics (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Micro Economics For Today
Purchasing and Supply Chain Management
Understanding Management (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Microeconomics
Management, Loose-Leaf Version
Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics
Pkg Acc Infor Systems MS VISIO CD
Economics (MindTap Course List)
Practical Management Science
Microeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics
Economics For Today
Economics: Private and Public Choice (MindTap Course List)
Exploring Economics
Contemporary Marketing
Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)