Montana Company sold merchandise with a retail price of $30,000 for cash. Montana Company is required to collect 4% state sales tax. The total cash received from customers was: Select one: A. $1200. B. $28,800. C. $30,000. D. $31,200.

Montana Company sold merchandise with a retail price of $30,000 for cash. Montana Company is required to collect 4% state sales tax. The total cash received from customers was: Select one: A. $1200. B. $28,800. C. $30,000. D. $31,200.

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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Montana Company sold merchandise with a retail price of $30,000 for cash. Montana Company is required to
collect 4% state sales tax. The total cash received from customers was:
Select one:
A. $1200.
B. $28,800.
C. $30,000.
D. $31,200.
hp

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