True or False: Whether the university is private or public is an example of a nominal scaled variable

The General Fund levies property taxes in the amount of $1,000,000 for calendar year 2009 . It expects to collect $950,000 during the year, $30,000 in the first 60 days of the next year, and $15,000 during the rest of the next year

It does not expect to collect the remaining $5,000 . How much property tax revenue should it recognize for the year 2009? a. $1,000,000 b. $980,000 c. $995,000 d. $990,000

Candy's Video includes the amount of sales taxes collected directly in the price charged for merchandise, and the total amount is credited to Sales. During January, Sales was credited for $310,117.50. The January 31 adjusting entry to account for a 5% state sales tax should be

A) Sales 14,767.50Sales Taxes Payable 14,767.50 B) Sales Tax Expense 14,767.50Sales Taxes Payable 14,767.50 C) Sales 15,505.88Sales Taxes Payable 15,505.88 D) Sales Tax Expense 15,505.88Sales Taxes Payable 15,505.88