The Rebel Book Store sells books and other supplies to students in a state where the sales tax rate is 7 percent. The Rebel Book Store engaged in the following transactions for 2014. Sales tax of 7 percent is collected on all sales.1.Book sales, not including sales tax, for 2014 amounted to $215,000 cash.2.Cash sales of miscellaneous items in 2014 were $160,000, not including tax3.Cost of goods sold amounted to $195,000 for the year.4.Paid $95,000 in operating expenses for the year.5.Paid the sales tax collected to the state agency.Requireda.What is the total amount of sales tax the Rebel Book Store collected and paid for the year?b.What is the Rebel Book Store’s net income for the year?
RECOMMENDED!!ACCTG 180-The Rebel Book Store sells books and other supplies
How it works
- Paste your instructions in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades
Recent Comments