Unformatted text preview: to transport glass components. 3. On February 6, Chicago delivered the plate glass to Henry Construction and received the balance of the purchase price. 4. First quarter credit sales totaled $700,000. The state sales tax rate is 4% and the local sales tax rate is 2%. Required: Prepare journal entries for the above transactions. AACSB: Analytic AICPA FN: Measurement...
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- Winter '11
- Glass, Sales taxes in the United States, plate glass, Chicago Glass Corporation, Henry Construction