Answer:
Debit Accounts Receivable for $104,700; and Credit Sales Revenue for $104,700.
Debit Cash for $85,400; and Credit Accounts Receivable for $85,400.
Explanation:
The (summary) journal entries to record the items noted will look as follows:
<u>Particulars Debit ($) Credit ($) </u>
Accounts Receivable 104,700
Sales Revenue 104,700
<u><em>(To record net sales (all on account) for the year.) </em></u>
Cash 85,400
Accounts Receivable 85,400
<u>(Collections on accounts receivable during the year.) </u>
Im gonna guess tax deduction
Answer:
False
Explanation:
It should be detailed, clear and straight to the point. It doesn't have to be anything complicated.
Answer:
A.19
hope this helps! this seems like an easy question to me, is this a trick question??
If Tom were married and his spouse was not working for pay, his 2021 taxable income would be a maximum 15% rate (20% in the case of high income taxpayers. Read below about who an income tax payer.
<h3>Who is an income taxpayer?</h3>
A taxpayer is an individual or corporation who pay taxes annually on their earning as per the provisions of the Income Tax Act. Once you file income tax returns and disclose your earnings, it becomes legal.
Therefore, the correct answer is as given above
learn more about a taxpayer: brainly.com/question/14582132
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