Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. greenspan supply does not segregate sales and sale

Greenspan Supply does not segregate sales and sales taxes at the time of sale. The...

50.1K

Verified Solution

Question

Accounting

image
Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $ 10,920. All sales are subject to a 4% sales tax. Compute sales taxes payable. Sales taxes payable Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Mar. 16 Account Titles and Explanation Debit Credit

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

Finance
1.2K views

2. As of July 2004, American Institute for Foreign Study (AIFS) hedge all its costs. Make...

Biology
1.2K views

analysis of 100 patients demonstrated that 52 of them had a disorder and carried a 2kb...

Physics
1.2K views

Calculate the planar densities of atoms in the following cases:       Draw the exact atomic arrangements in each...

Accounting
1.2K views

Why might a not-for-profit health care organization use fund accounting?

Basic Math
1.2K views

Five years after 650 high school seniors graduated, 400 had a college degree and 310...

Calculus
1.2K views

d the total area of the shaded regions 16 16 2 Q The total area...

Algebra
1.2K views

1 Solve this equation by completing the square Show your reasoning you may use the...

Algebra
1.2K views

Write a function that describes the cost of hiring the painter in terms of the...

Accounting
1.2K views

Costs for which of the following activities should not be included in research and development...

Accounting
1.2K views

Entity I uses the percentage of receivables method for recording bad debts expense. The accounts...

Accounting
1.2K views

how toconvert this info into an owners equity form?

Accounting
1.2K views

Question 18 Not yet answered Marked out of 1 P Flag question Applicant should be...