Dextra computing sells merchandise for $17,000 cash on september 30 (cost of merchandise is $11,900). dextra collects 3% sales tax. record the entry for the $17,000 sale and its sales tax. also record the entry that shows dextra sending the sales tax on this sale to the government on october 15.
a. record the cash sales and 3% sales tax.
b. record the cost of sept. 30th sales.
c. record the entry that shows the remittance of the 3% tax on this sale to the state government on october 15.
d. show the calculations as well.

Explanation:

The journal entries are shown below:

A. On September 30

Cash A/c Dr $17,510

      To Sales $17,000

      To Sales tax payable $510                  ($17,000 × 3%)

(Being goods are sold on credit with sales tax)

B. On September 30

Cost of goods sold A/c Dr $11,600

     To Inventory A/c                   $11,600

(Being goods are sold at cost)

C.  On October 15

Sales tax payable $510      

       To Cash A/c

(Being sale tax is recorded)

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.