Restaurant Foods Company had cash sales of $598,000 during the month of August. Sales taxes of 6.5% were collected on the sales. Prepare the journal entry to record the sales revenue and sales tax for the month. Omit explanation.
What will be an ideal response?
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Which of the following is a condition required by the SEC for the recognition of revenue?
A) Completion of goods manufactured. B) Execution of a promissory note. C) Price in excess of $100. D) Reasonable assurance of collection.
Which of the following techniques is most effective for taking notes from secondary sources?
a. Read the article carefully, copy important phrases, and review the article several times. b. Read the article quickly, put the article aside, list the main points from memory, and review the article to determine if all points are included. c. Review the main points of the article, copy the main points word-for-word, paraphrase details, and outline references. d. Write notes on cards as you scan through the article.
E-mail and other online communications do not offer the confidentiality of a written document mailed directly to the recipient
Indicate whether the statement is true or false
Which of the following is not a courteous response?
A) We are happy to provide the information you requested. B) We have reviewed your request and found that a response is justified. C) Thank you for your request. D) We are pleased that you would like more information about our service. E) Please contact us with any further questions.