When a company collects sales tax from a customer, the event is recorded by: a debit to sales tax expense and a credit to sales tax payable. a debit to cash and a credit to sales tax payable. a debit to sales tax payable and a credit to sales tax expense. a debit to sales tax payable and a credit to cash.
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On december 31, 2011, daggett company issued $750,000 of ten-year, 9% bonds payable for $700,353, yielding an effective interest rate of 10%. interest is payable semiannually on june 30 and december 31. prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on june 30, 2012, and (c) the semiannual interest payment and discount amortization on december 31, 2012. round amounts to the nearest dollar.
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When color is used on a topographical drawing, black is used to represent what?
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Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation
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Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize
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When a company collects sales tax from a customer, the event is recorded by: a debit to sales tax ex...
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