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2 1 point Buffalo Company sold goods for $5,000 subject to a 7% sales tax. The entry to record this transaction would include: A

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2 1 point Buffalo Company sold goods for $5,000 subject to a 7% sales tax. The entry to record this transaction would include: A credit to Sales Tax Payable for $350 A credit to Sales for $5,350 A debit to Sales Tax Expense for $350 A debit to Cash for $5,000 3 1 point Bison Company signed a $12,000, 90-day, 6% note payable. The amount of interest Bison will pay is: $360 $540 $720 $180

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