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Unformatted text preview: $100 Prepare the journal entries for the day that Macon issues paychecks AND the last day of the quarter. Carter sells really cute dresses at her retail store and is subject to a 6% local sales on all goods that she sells; this tax is collected point-of-sale and remitted to Richland County the last day of each month. If Connor purchased $350 worth of clothes which cost Carter $100, prepare the journal entry for the sale and the last day of the month. Notes Payable/Employment Tax/Sales Tax Example...
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This note was uploaded on 07/02/2011 for the course ACCT 225 taught by Professor Canace during the Spring '08 term at South Carolina.
- Spring '08