[MommyandDaddy]

On 1 September 20X9 the opening balance on Gordon’s sales tax account is $5,250 credit. During the month he makes sales net of sales tax of $62,150 and purchases inclusive of sales tax of $71,940.
The rate of sales tax is 10%.

What is the balance on Gordon’s sales tax account at 30 September 20X9?

$5,575 Dr

$3,706 Cr

$4,271 Cr

$4,925 Cr

[MommyandDaddy]

How is the answer 10546? Could you explain the steps for this please?

[MommyandDaddy]

Sir, please reply according tot he correct answer. It will be really helpful for us STUDENTS.
Please; don’t tell us to watch the videos again and again; please understand.

[Author]

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