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

Question 174

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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 explanation 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 explanation to record Anson's Auto Parts sales and related sales and excise taxes for the month.

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