Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jun 1, a retailer selis merchandise for $500 cash.

Jun 1, A retailer selis merchandise for $500 Cash. The sales tax law requires the...

90.2K

Verified Solution

Question

Accounting

Jun 1, A retailer selis merchandise for $500 Cash. The sales tax law requires the retailer to collect 7% sales tax. July 15, the retailer send the sale tax to the state government. What is the JE on Jun 1 and July 15?
image
Jun 1, A retailer selis merchandise for $500 Cash. The sales tax law requires the retailer to collect 7% sales tax. July 15 , the retailer send the sale tax to the state government. What is the JE on Jun 1 and July 15

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

Basic Math
1.2K views

Greetings I need to answer this exercise if it is true or false Please explain...

Psychology
1.2K views

What are some of the effects of ageing on the brain, both physically and cognitively? Are...

Biology
1.2K views

Pyruvate ATP Glucose Triglycerides Glycogen Acetyl CoA Proteins Blood lipid levels elevated LIPIDS Insulin CARBOH

Physics
1.2K views

potential energy at any palace we ca nnot calculate potential energy at sp ecific space...

Geometry
1.2K views

What is the volume of the following figure Please explain how you got your answer...

Basic Math
1.2K views

According to recent research, 41% of Americans have less than $375 in the bank for...

Algebra
1.2K views

Find a 4 x 4 matrix that represents in homogeneous coordinates the rotation by an...

Accounting
1.2K views

Question Three Alon Company sells homes & kitchen appliances. The company has no...

Accounting
1.2K views

know that this family member does not have the funds to pay the tax liability...

Accounting
1.2K views

Do you think its correct? (worth 8 points) Colbert Corporation had...

Accounting
1.2K views

Question 3 Strict Fitness Ltd. has a December 31 year end. On January 1,2023, the...

Accounting
1.2K views

Bea acquired her house in 2011 for $150,000 and her cottage in 2015 for $100,000....