Dextra Computing sells merchandise for $17,000 cash on September 30 (cost of merchandise is $11,900). The sales tax law requires Dextra to collect 3% sales tax on every dollar of merchandise sold. Record the entry for the $17,000 sale and its applicable sales tax. Also record the entry that shows the remittance of the 3% tax on this sale to the state government on October 15. Record the cash sales and 3% sales tax.
record the cost of sept. 30th sales.
record the entry that shows the remittance of the 3% tax on this sale to the state government on october 15.
please show the calculations as well.

Explanation:

From the given information;

The Journal entries for Dextra Computing Merchandise can be computed as follows:

Date             Account title                                Debit ($)        Credit ($)

Sept 30        Sales Revenue                                                  17000

Sept 30        Sales Tax Payable                          

                   (3% × 17000)= 0.03× 17000                                    510

Sept 30       Cash                                               17510  

                    (To record the cash sales of merchandise)

Sept  30       Cost of goods sold                       11900

Sept   30      Merchandise Inventory                                       11900

                   (To record the transfer of cost of merchandise

                       to cost of goods sold)

Oct   15         Sale Tax Payable

                     (3% × 17000)= 0.03× 17000         510

                      Cash                                                                       510

                     (To record the remittance of 3%

                      sales tax to the state government)

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.