Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3 points the b.d. stationary store is required t

3 points The B.D. Stationary Store is required to collect and...

50.1K

Verified Solution

Question

Accounting

3 points
The B.D. Stationary Store is required to collect and remit sales taxes to the state. If B. D. had cash sales of $2.500 that are subject to an 8.5 selos tax, the joumal entiry to record the include a:
Debit to Sales Tax Payable for $200.
Credit to Sales Revenue of $2,700.
Debit to Cash of $2,700 and a credit to Sales Tax Payable of $200.
Debit to Cash of $2,500.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

12 Calculate the viscous force acting on a rain drop of diameter 1 mm falling...

Geometry
1.2K views

C 3 3 D 4 y k x sy j x Graphs of the functions...

Basic Math
1.2K views

In a survey of 100 college students, 78 use Facebook, 37 use Google+, and 19...

Calculus
1.2K views

8 Which statement s on the function f x y z x xy xy z...

Algebra
1.2K views

4 points Single Choice Solve the equation Find the exact solution of 22x Sre2x 6...

Algebra
1.2K views

5 Simplify 3 5 2i 4 2 3i a 35 18i b 35 6i c...

Accounting
1.2K views

Management of Mittel Rhein AG of Kln, Germany, would like to reduce the...

Finance
1.2K views

The following is an order book for News Corp shares. Consider the case where there...

Accounting
1.2K views

Classify the following items on a Statement of Cash Flows: I. Receipts from sales of...

Accounting
1.2K views

I still without understand how you get this solutions and why some data missing from...

Accounting
1.2K views

SAME QUESTION, JUST DIFFERENT STEPS. PLEASE HELP!! Problem 8-05 Some of the information found...

Accounting
1.2K views

Turner, Roth, and Lowe are partners who share income and loss in a 2:3:5 ratio...