Buying equipment with sales tax, part paid and part on account
Transaction
A company buys a machine for $10,000.00 plus 6% sales tax. It pays $4,000.00 by check; the rest is owed to the supplier on account, due in three months.
Assumptions: Sales tax 6%.
Accounts
Tap an account, then choose Debit or Credit and type the amount. × removes a line.
Debit
No lines yet. Choose an account above.
Credit
No lines yet. Choose an account above.
Debits $0.00Credits $0.00
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