Bibi's Beach Boutique does not ring up sales tax what is the amount of the sales taxes owed to the separately. If the sales tax rate is 5% and the total receipts amounted to $126,000 taxing agency? O $126,000 O $6,000 O $6,300 O $120,000

Bibi's Beach Boutique does not ring up sales tax what is the amount of the sales taxes owed to the separately. If the sales tax rate is 5% and the total receipts amounted to $126,000 taxing agency? O $126,000 O $6,000 O $6,300 O $120,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Bibi's Beach Boutique does not ring up sales tax what is the amount of the sales taxes owed to the separately. If the sales tax rate is 5% and the total receipts amounted to $126,000 taxing agency?

O $126,000

O $6,000

O $6,300

O $120,000

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