I am totally lost here



Sales tax collected by a business is an expense. True or False? Explain.



A 300,000, 8%, 10 year bond is issued at face value on Sept.1 2013. What is the amount of accrued interest on December 31, 2013 assuming no prior adjusting entries has been recorded in 2011? (I don't know where the 2011 part comes from, that might be a typo or not, im just very lost)



What is the required adjusting journal entry on December 31, 2013 to record the information in the last question?



A bond with 10,000 face value and a 10% interest rate is sold for 106. What is the entry to record the sale of the bond?



Thank you very much