accounting-Trinity Company is required by law to collect and remit sales taxes to the state
QUESTION
Trinity Company is required by law to collect and remit sales taxes to the state. If Cantrell has $35,000 of cash sales that are subject to an 5.5% sales tax, what is the journal entry to record the cash sales?
ANSWER:
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.