Description of this paper

sales taxes must be remitted to the state government monthly,

Description

solution


Question

76. Ron's Pharmacy has collected $600 in sales taxes during March. If sales taxes must be remitted to the state government monthly, what entry will Ron's Pharmacy make to show the March remittance?;a. Sales Tax Expense 600;Cash 600;b. Sales Taxes Payable 600;Cash 600;c. Sales Tax Expense 600;Sales Taxes Payable 600;d. No entry required.

 

Paper#26748 | Written in 18-Jul-2015

Price : $27
SiteLock