Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

If Morgan Industries issued a Credit Memorandum on January 20 for a return of $1,100 of merchandise purchased on account by Doug Bowen, plus 6 percent sales tax, the credit memorandum total would be:

Sagot :

Answer:

1166

Explanation:

Morgan industries issued a credit

memorandum of $1100 on January 20th

They also have 6% tax sales

= 6/100 × 1100

= 0.06×1100

= 66

Therefore the total credit memorandum can be calculated as follows

= 1100+66

= 1,166

Hence the credit memorandum total is $1166