Page 163 5.3. why do taxes create deadweight loss in otherwise efficient markets? which of the following are examples of excise taxes? select all that apply. correct answer(s) drag appropriate answer(s) here a $1.00 tax on stamps an 8% tax on a plane ticket a 15% tax on income a 25% tax on payroll a $0.50 tax on pizza a 1% capital gains tax incorrect answer(s) drag appropriate answer(s) here

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f. o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.