Make journal entries to record the following transactions. Explanations are not required. Aug 31 Recorded cash sales

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Make journal entries to record the following transactions. Explanations are not required.

Aug 31 Recorded cash sales of $770,000 for the month, plus sales tax of 7% collected for the Province of Alberta.

Sep 6 Sent August sales tax to the CRA.

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:42 AM

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Make journal entries to record the following transactions. Explanations are not required. Aug 31 Recorded cash sales

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