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09-12-2019
Business

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Becky Sherrick Company has total proceeds from sales of $4,515. If the proceeds include sales taxes of 5%, the amount to be credited to Sales Revenue is?

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zunesyed zunesyed

15-12-2019

Answer:

$4,300

Explanation:

The total proceeds from the sales are $4,515. Considering that the sales tax is 5%.The total credit amount for the company will be:

=Sales/(1+t)

= $4,515 / 1.05 = $4,300

The total amount to be credit is $4,300

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