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Merchandise is sold for cash The selling price of the merchandise is 3000 and the sale is subject to a 7 state sales tax The journal entry to record the sale would include?
Wiki User
∙ 10y ago
A debit to Cash for $3,000.
Wiki User
∙ 10y ago
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Expenses that are incurred directly or entirely in connection with the sale of merchandise are classified as?
Selling Expenses
The method of computing inventory that uses records of the selling prices of the merchandise is called?
retail method
Freight costs incurred by a seller on merchandise sold to customers will cause an increase in what?
selling price
What is merchandise inventory?
Merchandise inventory is the quantity of goods that are not being sold and will remain on the companyÕs record or with intent in re-selling the goods to the third party. Goods that are not sold can also be possibly returned to the suppliers.
What is the journal entry of selling costs?
Debit cost of salesCredit cash / bank
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What part of the profits from selling NFL merchandise do the players gets?
17%
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This is the buying of merchandise (wholesale) and resell (Retail).
Where can you buy a2aa merchandise from?
You can typically purchase A2AA merchandise from the organization's official website or from authorized retailers or vendors that specialize in selling A2AA-branded products. It's important to ensure you are purchasing from a legitimate source to receive authentic merchandise.
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By having their famous Blue Light Special
How much do sports teams make selling clothing and merchandise with logod and trademarks?
a lot
Expenses that are incurred directly or entirely in connection with the sale of merchandise are classified as?
Selling Expenses
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Do WWE superstars make more money by selling merchandise?
No. They currently are payed 20,000 to wrestle.
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The Better Business Bureau would be the first stop.
The method of computing inventory that uses records of the selling prices of the merchandise is called?
retail method
Freight costs incurred by a seller on merchandise sold to customers will cause an increase in what?
selling price
