None 20. Bargain Surplus made cash sales during the month of October of $373, 650. The sales aresubject to a 6% sales tax that was also collected and included in the summary. How much isthe Sales Revenue (to the nearest dollar)? a) $373,650 b) $352,500 c) $21, 150 d) $396,069

A sales tax is a consumption tax imposed by the government on the sale of goods and services.

Answered: 20. Bargain Surplus made cash sales…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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20. Bargain Surplus made cash sales during the month of October of $373,650. The sales are subject to a 6% sales tax that was also collected and included in the summary. How much is the Sales Revenue (to the nearest dollar)? a) $373, 650 b) $352,500 c) $21, 150 d) $396,069