Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A cash register tape shows cash sales of $2280 and sales taxes of $150. The journal entry to record this information is Cash Sales
A cash register tape shows cash sales of $2280 and sales taxes of $150. The journal entry to record this information is Cash Sales Revenue Cash Sales Revenue Sales Taxes Revenue 2430 2430 2430 2280 150 Cash 2430 Sales Tax Payable 150 Sales Revenue 2280 Cash Sales Tax Expense Sales Revenue 2280 150 2430
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
Accounting Information Systems
Authors: James A. Hall
8th edition
2901111972140, 1111972141, 978-1111972141
