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- A customer purchases $28.14 in products only $12.83 is taxable. How much sales tax is owed if the tax rate is 10%.Federal Aviation purchases 16,600 gallons of aviation fuel. The federal excise tax is $0.16 per gallon. Find the amount of the excise tax for this transaction. (Round your answer to the nearest cent if necessary) a. $1,073.50 b. $2,566.00 c. $2,560.00 d. $1,037.50There is a sales tax of 24 on an item that costs 276 before tax. A second item costs $218.50 before tax. What is the sales tax on the second item?
- Federal Aviation purchases 17,700 gallons of aviation fuel. The federal excise tax is $0.19 per gallon. Find the amount of the excise tax for this transaction. (Round your answer to the nearest cent.) A. $1,681.50 B. $1,710.00 C. $3,230.00 D. $3,363.00Find the tax owed on a purchase of $183.11 if the state sales tax rate is 6%.A customer paid a total of $7700 for a purchase, including 13% HST (Harmonized Sales Tax). How much was the HST? 1. $911 2. $6885 3. $886 4. $7700
- 10. Alexis Company has total credit sales proceeds of $4,515 in the check-out till. If the proceeds include sale tax of 8%, show the journal to record the sale.What are the accounting entries required to record sales on credit of $10,000, on which sales tax is applied at the rate of 20%?16.Merchandise is sold for cash. The selling price of the merchandise is $6,000, and the sale is subject to a 7% state sales tax. The journal entry for the sale would include a credit to a.Sales Tax Payable for $420 b.Cash for $6,000 c.Sales for $5,580 d.Sales for $6,240 17. Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. Pound Co. paid the invoice within the discount period. What is the amount of sales from these transactions? a.$26,010 b.$24,990 c.$25,500 d.$16,000 18. When a buyer returns merchandise purchased for cash, the buyer will journalize the transaction as a….. a.debit to Cash and a credit to Sales b.debit to Cash and a credit to Merchandise Inventory c.debit to Merchandise Inventory and a credit to Cash d.debit to Sales and a credit to Accounts Payable 19. A sales invoice included the following information: merchandise price, $8,700; terms 1/10, n/eom, FOB shipping point with prepaid freight of $1,100 added to the invoice. Assuming that a…
- Questio Venus Corp. sold goods, with a selling price of $16,221, for cash. The state sales tax rate is 8%. What amount is credited to the Sales Revenue account? (Round calculations to the nearest dollar.) O $15,843 O $1378 O $17,221 O $16,221 Question 1 of 41>>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 ?Barron, Inc. sold goods for $888, 500 on account. The company operates in a state that imposes a 12% sales tax. What is the amount of the sales tax payable to the state? A. $53,310 B. $26,655 C. $106, 620 D. $213, 240