A company credit card was used to purchase a new $250 computer monitor and a...

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Accounting

A company credit card was used to purchase a new $250 computer monitor and a $125 cartridge for the office copier. The company capitalizes all equipment purchases over $150. Sales tax, at 8%, was added to the cost of both items.

both computer monitor and cartridge are office equipment?

add 27.78 is sales tax payable?

How to make 231.48 and 115.74 for calculator tax? but 250x100/108 equal 231.48 not really fully understood about 100/108 for 8 % tax

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