NathanFrase4556 NathanFrase4556

07-08-2024
Business

Answered

Sport Pro Magazine sold 12,000 annual subscriptions on August 1, 2022, for C18 each.Prepare Sport Pro's August 1, 2022, journal entry and the December 31, 2022, annual adjusting entry. BE13.7 (LO 1) Dillons AS made credit sales of C30,000 which are subject to 6% VAT. The company also made cash sales which totaled 620.670 including the 6% VAT.
(a) Prepare the entry to record Dillons' credit sales.
(b) Prepare the entry to record Dillons' cash sales.

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