Eds bookstore has collected 750 in sales taxes during april

Assignment Help Accounting Basics
Reference no: EM13598082

Ed's Bookstore has collected $750 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will Ed's Bookstore make to show the April remittance?

Reference no: EM13598082

Questions Cloud

At the end of the year actual manufacturing over head costs : at the end of the year actual manufacturing over head costs were 120k and applied manufacturing overhead cost were
Carpenter company has used the installment method of : carpenter company has used the installment method of accounting since it began operations at the beginning of 2011.
At morris mart inc all sales are on account mary : at morris mart inc. all sales are on account. mary morris-manning is responsible for mailing invoices to customers
The balance in work in process inventory on february 1 was : the following costs were incurred in february 2010 by container corp. which produces customized steel storage
Eds bookstore has collected 750 in sales taxes during april : eds bookstore has collected 750 in sales taxes during april. if sales taxes must be remitted to the state government
If the company uses the percentage of sales basis to : the december 31 2007 balance sheet of quayle company had accounts receivable of 500000 and a credit balance in
Inventory at march 31 was budgeted at 2000 units sales for : portman inc. produces and sells a specialty product. the production department prepared the following second quarter
Bricker enterprises purchased a machine for 210000 on : bricker enterprises purchased a machine for 210000 on october 1 2012. the estimated service life is ten years with a
Marcella paid 20 for a music cd for which she later was : marcella paid 20 for a music cd for which she later was offered 25. after that someone offered her 30 for the cd. if

Reviews

Write a Review

Accounting Basics Questions & Answers

  Activity variance for plane operating costs

The actual cost for plane operating costs in September was $214,430. The activity variance for plane operating costs in September would be closest to:

  Find out franchisee breakeven sales in dollars

Find out a franchisee's breakeven sales in dollars. Is franchising good idea for Wong if franchisees want a minimum monthly operating income of $6,000 and Wong believes that most locations could generate $26,000 in monthly sales?

  Linh corporation applies manufacturing overhead to jobs on

linh corporation applies manufacturing overhead to jobs on the basis of pounds of direct material used. linh estimated

  On october 1 2013 microchip lent 86000 to another company a

prepare the necessary adjusting entries at december 31 2013 for the microchip company for each of the following

  What is wrong with mason perception

Mason was shocked to learn that the current Code is the Internal Revenue Code of 1986. He thought that U.S tax change more frequently. What is wrong with Mason's perception?

  If the tax rate is 35 percent what is the projects year 1

keiper inc. is considering a new three-year expansion project that requires an initial fixed asset investment of 2.55

  What was the value of the inventory on november 8 after the

here are some questions i have on financial accounting using the text financial accounting fundamentals 1 given the

  An excerpt from a conversation between two sales clerks

The following is an excerpt from a conversation between two sales clerks, Tracy Rawlin and Jeff Weimer. Both Tracy and Jeff are employed by Magnum Electronics, a locally owned and operated electronics retail store.

  Half of the preferred stock was issued at a price of 103

when resisto systems inc. was formed the company was authorized to issue 5000 shares of 100 par value 8 percent

  Ross has four offers to acquire the stock and land

Ross would like to dispose of some land he acquired five years ago because he believes that it will not continue to appreciate. Its value has increased by $50,000 over the five-year period. He also intends to sell stock that has declined in va..

  Acquisition of the dandy dime

When one media company buys another, goodwill is often the most costly asset acquired. World media paid $700,000 to acquire-Journalize World Media's acquisition of The Dandy Dime.

  If wentworth changes its capital structure to 30 percent

wentworth industries is 100 percent equity financed. its current beta is .09. the excepted market rate of return is 14

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd