No
combind revenue accounts
accounts payable
== == The operative word here is SALES TAX. Which is collected when a car is SOLD. If you SOLD the car, then sales tax is due on that sale amount.
no
How do I get a florida retail sales chart
Sales tax is collected in the jurisdiction where the sale takes place. You purchased the car in Florida, so sales tax is due in Florida. More information: http://dor.myflorida.com/dor/taxes/sales_tax.html
Sales.
Yes, when you move a vehicle from West Virginia to Florida, you will typically have to pay sales tax in Florida upon registering the vehicle. Florida generally charges sales tax based on the purchase price of the vehicle. However, if you can provide proof of sales tax already paid in West Virginia, you may be eligible for a credit to reduce the amount owed in Florida. Always check with the local tax authority for the most accurate and up-to-date information.
Sales tax is collected by the seller and then passed on to the State.
Yes, if the product or service is rendered to the customer and said customer has not paid the amount, the revenue has been earned, not collected, to record this transaction you would Debit Accounts Receivable (to show that the service or product has been rendered) and Credit Revenue (income). Once payment is received, then to show money has been collected, you Debit Cash and Credit Accounts Receivable (you no longer have to touch your sales/revenue account as the amount is already listed as being earned).
The value 8.250% is a typical amount of sales tax collected. It means you will pay $8.50 extra in tax to the State for every $100 in purchases you make.