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Lancaster Lumber Supply sold $19,200 worth of treated wood to Singletary Home Builders on account on March 25 of this year. The sales tax associated with the purchase was $1,344 and Lancaster is required to remit sales taxes to the State Tax Commision office within twenty days of the end of the month (i.e. by April 20th.)
How much is Lancaster required to submit to the State Tax Commission on this individual sale by April 20th?
thayer company purchased a building on january 2 by signing a long-term 2520000 mortgage with monthly payments of
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Olympic Supply company uses the direct-off method of accounting for uncollectible account - This account was written off on November 30, Memorandum 89 and Receipt 277.
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jodi horton president of the retailer crestline products has just approached the companys bank with a request for a
Scudder company has two operating departments: mixing and forming. Mixing has 240 employees and occupies 22,000 ft². Forming has 80 employees and occupies 18,000 ft².
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on february 1 2010 the balance of the retained earnings account of blue power corp. was 630000. revenues for feb.
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