Sales tax payable and the sales tax deduction in journal entry?

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Journal entry of sales tax with a service business [ 6 Answers ]

Hi, we have a small engine repair business. On the receipts there is the labor which I know is not taxable. Also there are parts we use to fix the engines that we city tax the customers for. I've been making my journal entries like this: Cash -debit, service revenue - credit, sales (these are the...

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I do restaurant book, previous people make monthly journal entery for cash payout like this Dr Sales 1922.73 Cr sales tax payable 1922.73 Is that right. Please explain. Thanks

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Hello, In 2006, I was on OPT and working full-time for the entire year and filed 1040NR-EZ. The same year I also brought a car and paid over $1300 for sales tax. I need help to find out how I can amend 2006 returns to claim the Sales tax deductions. Should I have used "Other Miscellaneous...

Sales tax deduction on Federal IT [ 1 Answers ]

Is it possible to deduct sales tax on my federal return. I live in TX and pay no state tax. I bought a $35000 car with 8.25% tax, so was wondering if there was a way of recovering some of that. And no, its not a hybrid. Thanks v0c2000

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