Question Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $3,500 of cash sales that are subject to an 10% sales tax, what is the journal entry to record the cash sales? Expert Solution Trending now This is a popular solution! Step by step Solved in 2 steps with 1 images
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Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $8,640 of cash receipts from sales, and operates in a state with a 8% sales tax, what is the journal entry to record the cash sales? Debit Cash $8,640; credit Sales $8,000; credit Sales Taxes Payable $640.
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If Cantrell has $8,000 of cash sales that are subject to an 8% sales tax, what is the journal entry to record the cash sales? Solution for Cantrell Company is required by law to collect and send sales taxes to the state. If Cantrell has $8,000 of cash sales that are subject to an 8%…
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Cantrell co. is required by law to collect and remit sale taxes to the state. if Cantrell has 3,500 of cash sales that are subject to an 10% sales tax, what is the journal entry to record the cash sales ? Expert Solution Step by step Solved in 2 steps See solution Check out a sample Q&A here Knowledge Booster Learn more about
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Cantrell Company Is Required By Law To Collect
Cantrell co. is required by law to collect and remit sale taxes to the state. if Cantrell has 3,500 of cash sales that are subject to an 10% sales tax, what is the journal entry to record the cash sales ? Expert Solution Step by step Solved in 2 steps See solution Check out a sample Q&A here Knowledge Booster Learn more about
Sep 21, 2023The subject of this question is related to accounting practices in a business called Cantrell Company. When Cantrell Company makes cash sales totaling $4,000 and is required by law to collect and remit 9% sales tax on these sales, a journal entry needs to be made to record this transaction. Sales Tax, which is a liability for the company until
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Economics Finance Question Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $3,500 of cash sales that are subject to a 10% sales tax, what is the journal entry to record the cash sales? Solution Verified Answered 6 months ago Create a free account to view solutions
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Economics Finance Question Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $3,500 of cash sales that are subject to a 10% sales tax, what is the journal entry to record the cash sales? Solution Verified Answered 6 months ago Create a free account to view solutions
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Question Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $3,500 of cash sales that are subject to an 10% sales tax, what is the journal entry to record the cash sales? Expert Solution Trending now This is a popular solution! Step by step Solved in 2 steps with 1 images
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If Cantrell has $8,000 of cash sales that are subject to an 8% sales tax, what is the journal entry to record the cash sales? Solution for Cantrell Company is required by law to collect and send sales taxes to the state. If Cantrell has $8,000 of cash sales that are subject to an 8%…
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Feb 8, 2023SOLVED: Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has 8,640 of cash sales on a certain day, which include an 8% sales tax, what is the journal entry to record the cash sales? a. Debit Cash8,640; credit Sales 8,000; credit Sales Taxes Payable640. b.
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Cantrell co. is required by law to collect and remit sale taxes to the state. if Cantrell has 3,500 of cash sales that are subject to an 10% sales tax, what is the journal entry to record the cash sales ? Expert Solution Step by step Solved in 2 steps See solution Check out a sample Q&A here Knowledge Booster Learn more about
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Sep 21, 2023The subject of this question is related to accounting practices in a business called Cantrell Company. When Cantrell Company makes cash sales totaling $4,000 and is required by law to collect and remit 9% sales tax on these sales, a journal entry needs to be made to record this transaction. Sales Tax, which is a liability for the company until
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[Schuette v. Coalition to Defend Affirmative Action] Oral Argument | C-SPAN.org
Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $8,640 of cash receipts from sales, and operates in a state with a 8% sales tax, what is the journal entry to record the cash sales? Debit Cash $8,640; credit Sales $8,000; credit Sales Taxes Payable $640.
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Feb 8, 2023SOLVED: Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has 8,640 of cash sales on a certain day, which include an 8% sales tax, what is the journal entry to record the cash sales? a. Debit Cash8,640; credit Sales 8,000; credit Sales Taxes Payable640. b.
