Submitted Questions

  • Sales Tax Question when company purchases two laptop computers

    A company purchases two laptop computers for a total price of $4200. They charge a company credit card and ship the laptops to the company without charging NC Sales and Use Tax of 6.75%. How would you post this entry for the sales tax due?This is what I come up with, not sure if this correct Taxes (E) 283.50 Taxes Payable (L) 283.50