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H3Ko H3Ko
wrote...
Posts: 4891
8 years ago
Gem Corp. had cash sales of $10,000. The state sales tax rate is 10.8%. What amount is debited to the Cash account?
A) $1,000
B) $10,000
C) $11,080
D) $1,080
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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.unplugged..unplugged.
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Posts: 1272
8 years ago
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H3Ko Author
wrote...
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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