Anson's Auto Parts had cash sales of $10,000 for the month of April. Sales are subject to a 6 1/2 percent sales tax and an 8 percent excise tax. In the journal provided, prepare a compound entry without explanations to record Anson's Auto Parts sales and related sales and excise taxes for the month.

Question

Anson's Auto Parts had cash sales of $10,000 for the month of April. Sales are subject to a 6 1/2 percent sales tax and an 8 percent excise tax. In the journal provided, prepare a compound entry without explanations to record Anson's Auto Parts sales and related sales and excise taxes for the month.
Anson's Auto Parts had cash sales of $10,000 for the month of April. Sales are subject to a 6 1/2 percent sales tax and an 8 percent excise tax. In the journal provided, prepare a compound entry without explanations to record Anson's Auto Parts sales and related sales and excise taxes for the month.

Quizplus · Accepted Answer

The Answer of Anson's Auto Parts had cash sales of $10,000 for the month of April. Sales are subject to a 6 1/2 percent sales tax and an 8 percent excise tax. In the journal provided, prepare a compound entry without explanations to record Anson's Auto Parts sales and related sales and excise taxes for the month.

Anson's Auto Parts Had Cash Sales of $10,000 for the Month