During November, Wireless, Inc., makes a $1,600 credit sale excluding sales tax. The state sales tax rate is 5% and the local sales tax rate is 1.5%. Record sales revenue and sales tax payable.
What will be an ideal response?
| ? | Debit | Credit |
| Accounts Receivable | 1,704 | ? |
| Sales Revenue | ? | 1,600 |
| Sales Tax Payable (.065 × $1,600) | ? | 104 |
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Why is a schedule not a schedule until resources have been assigned? Provide a real life example that illustrates your explanation.
Fill in the blank(s) with the appropriate word(s).
Specialty CakesImagine you're planning an after-symphony fund-raising party, and you need a life-size grand piano cake. Or, you are a developer proposing a new shopping center to a group of investors, and you want to serve a cake shaped like an architectural rendition of the center. Is this impossible? No, you just need to contact Cecilia Villaveces Cakes. She actually built a life-size grand piano for a gala in Macon, Georgia. You can expect to pay anywhere from $75 to $10,000 for one of Cecilia's artistic creations, depending on complexity of design and size. She uses only the best ingredients, and no two cakes are ever quite alike.Refer to Specialty Cakes. There are many occasions for which people may need to buy a cake, but most people do not have the time or interest to learn about
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