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5 points On December 15, 2020, Honey Bee Co. sold a bulk supply of honey to a customer for 54,000 cash. The sale is subject
5 points On December 15, 2020, Honey Bee Co. sold a bulk supply of honey to a customer for 54,000 cash. The sale is subject to sales tax of 94. Which of the following is the correct journal entry to record this transaction to account for the sale and applicable sales tax on Honey Bee Co's books? (Ignore cost of goods sold.) a DR Cash 54 360 CR Sales 54.000 CR Sales Tax Expense 5360 b.DR Cash 54,360 CR Sales $4,000 CR Sales Tax Payable 5360 CDR Sales Tax Expense 5360 DR Sales 54.000 CR Cash 54 360 OR S 54 360 CR Cash 54000 CR Sales Tax Payable $350
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