Question
22- Charlies Pizza collected $150 in sales tax for the quarter. Which of the following accounts should be used in order to post the sales
22- Charlies Pizza collected $150 in sales tax for the quarter. Which of the following accounts should be used in order to post the sales tax?
A-Only Sales Taxes Payable.
B-Sales tax should not be recorded.
C-Both Sales Taxes Payable and Sales Tax Expense.
D-Both Sales Taxes Payable and Cash.
E-Both Income and Sales Tax Expense.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting
Authors: Jamie Pratt, Michael F Peters
11th Edition
1119745322, 978-1119745327
