The following information relates to Eva Co's sales tax for the month of March 2015: 2$ 109,250 Sales (including sales tax) Purchases (net of sales tax) Sales tax is charged at a flat rate of 15%. Eva Co's sales tax account showed an opening credit balance of $4,540 at the beginning of the month and a closing debit balance of $2,720 at the end of the month. What was the total sales tax paid to regulatory authorities during the month of March 2015? 64,000 A. 11910 B. 13162.17 C. 6470 m D. 14047.5

The following information relates to Eva Co's sales tax for the month of March 2015: 2$ 109,250 Sales (including sales tax) Purchases (net of sales tax) Sales tax is charged at a flat rate of 15%. Eva Co's sales tax account showed an opening credit balance of $4,540 at the beginning of the month and a closing debit balance of $2,720 at the end of the month. What was the total sales tax paid to regulatory authorities during the month of March 2015? 64,000 A. 11910 B. 13162.17 C. 6470 m D. 14047.5

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 6RE: Smith Company is required to charge customers an 8% sales tax on all goods it sells. At the time of...

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