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Posted by: Homeworkhelp
Price Quoted by Student: $1.5
Posted On: 2010-10-29 01:01:34
 
Question

During the month of June, Heather’s Boutique had cash sales of $243,800 and credit sales of $137,800, both of which include the 6% sales tax that must be remitted to the state by July 15.  Prepare the adjusting journal entry that should be recorded to fairly present the June 30 financial statements.


Solutions
Journal entry: Cash     
Price $1.5
Attachment 1: Heather’s Boutique had.doc
Solution Posted By: Homeworkhelp    Posted on: 29-10-2010