Clean Out Clutter Is Located in a State Where the Sales

question 159

Essay

Clean Out Clutter is located in a state where the sales tax is 7 1/4%.Total sales for the month of February were $104,000,all of which were subject to sales tax.
a.Prepare a journal entry that summarizes sales (all in cash)for the month.
b.Prepare a journal entry regarding the disbursement for the sales tax.

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Definitions:

Egocentric Thinking

A cognitive perspective where an individual has difficulty understanding or acknowledging viewpoints other than their own.

Sensorimotor Stage

The first of Piaget's stages of cognitive development, where infants from birth to approximately two years old learn about the world through their senses and actions.

Operations

Flexible, reversible mental manipulations of objects, in which objects can be mentally transformed and then returned to their original states.

Precausal Thinking

A type of reasoning typical in early childhood where logic is not yet developed, leading to conclusions that don't follow logically from their premises.