Hour Place Clock Shop sold a grandfather clock for $2,250 subject to a 9% sales tax The entry in the general journal will include a credit to Sales for a) $2,250.00 b) $2,092.50 c) $2,452.50 d) $2,362.00

Hour Place Clock Shop sold a grandfather clock for $2,250 subject to a 9% sales tax The entry in the general journal will include a credit to Sales for a) $2,250.00 b) $2,092.50 c) $2,452.50 d) $2,362.00

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 6RE: Smith Company is required to charge customers an 8% sales tax on all goods it sells. At the time of...

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Question

General accounting and question

Hour Place Clock Shop sold a grandfather clock
for $2,250 subject to a 9% sales tax The entry in
the general journal will include a credit to Sales
for
a) $2,250.00
b) $2,092.50
c) $2,452.50
d) $2,362.00

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