Gem Corp. had cash sales of $10,000. The state sales tax rate is 10.8%. What amount is debited to ...

H3Ko

wrote...

Go to Answer

Posts: 4891

Rep:

8 years ago

Gem Corp. had cash sales of $10,000. The state sales tax rate is 10.8%. What amount is debited to ...

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

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 622 times

2 Replies

Report

Replies

Answer verified by a subject expert

.unplugged.

wrote...

Related Topics

H3Ko Author

wrote...

7 years ago

YES! Can't believe I got this one right. Appreciate the confirmation

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

2034 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

429

316

262

Your Opinion

Previous poll results: Does a gender wage gap exist in America?

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.