iewHistoryBookmarks Develop WindowHelpA primaverahs.strongmind.com: StrongMindO Sales and Excise Tax- P/0 01 Tuei Derore sales lax1.08$70= $2.50 per gallon28$2.50 – $2.117 = $0.383 per gallonhe value of the excise tax was $0.383 per gallon.John purchased a pair of shoes with a retail price of $49.99 from a store. If the sales tax rate was 8%, whatwas the price of the shoes after tax was added? Round to the nearest cent.O The price of the shoes after tax was $53.99.O The price of the shoes after tax was $51.99.The price of the shoes after tax was $57.99.O The price of the shoes after tax was $58.99.2 OF 2 TRIES REMAININGTry AgainSubmitMacBookDDF3F4F5F6F7F8F9#$%&23456* 00

Sales tax is a form of indirect taxes which is being payable on sale of goods or services by the…

Answered: John purchased a pair of shoes with a…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 7MCQ

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Use Exhibit 18-1 to determine the sales tax (in $) and calculate the total purchase price (in $) for the item. (Round your answers to the nearest cent.) Sales Selling Price Total Item Tax Purchase Price Candy bar $0.66 $
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33. DETAILS BRECMBC9 18.1.010. Calculate the missing information for the purchase. (Round your answers to the nearest cent.) Sales Sales Tax Excise Selling Price Total Purchase Price (in $) Item Тax Excise Тax Tax Rate Rate (in $) (in $) Tire $112.99 6. %24 %24 24 Need Help? Read It
Check my work Use me ToilowiLng mmoiTllation TOI tihe Cxercises pelowv. (Alyuj [The following information applies to the questions displayed below.] 1. On July 15, Piper Co. sold $25,000 of merchandise (costing $12,500) for cash. The sales tax rate is 5%. On August 1, Piper sent the sales tax collected from the sale to the government. 2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $750 cash. On November 20, the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). Exercise 9-3 (Algo) Financial statement impact of current liability transactions LO C2 Analyze each separate transaction by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. (Enter all amounts as positive values.) Date Assets Liabilities + July 15 + July 15 %3D August 1 %3D November 3 November 20 %3D
JellyFelly sold a lamp to a cash customer, the retail price was $299.99 and sales tax is 9%. The journal entry to record this transaction would include a: O Debit to Cash for $299.99 • Credit to Sales Revenue for $326. O Credit to Sales Tax Payable $27. O Debit to Sales Revenue for $299.99
3. Annabelle McCloney purchases denim jeans for $14.95 and a velour top for $16.39. The sales tax ráte is 7%. What is the total purchase price of Annabelle's pur- chases? Turan AMIEM ca sales t
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I have the question and answer below but I dont know how to get the answer if you could help explain it please. Find the marked price and sales tax. Round to the nearest cent. Total Sale $378.17 Sales Tax Rate: 4.25% Format your answer $xx.xx; $xx.xx ($362.75; $15.42)
A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $273000, what is the amount of the sales taxes owed to the taxing agency? $260000 $13000 $273000 $13650
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Merchandise is sold for cash. The selling price of the merchandise is $1,100 and the sale is subject to a 7% state sales tax. The journal entry to record the sale would include a credit to a. Sales Tax Payable for $77 Ob. Cash for $1,100 Oc. Sales for $1,177 Od. Cash for $1,177 MacRoolk Dro Used Car E Search Your Local Ford Blue Advantage %6690

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