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A cash register tape shows cash sales of $8,000 and sales taxes of $400. The journal entry to record this information is DR Cash 8,400;
A cash register tape shows cash sales of $8,000 and sales taxes of $400. The journal entry to record this information is
DR Cash 8,400; CR Sales Tax Revenue 400; CR Sales Revenue 8,000
DR Cash 8,000; CR Sales Revenue 8,000
DR Cash 8,000; DR Sales Tax Expense 400; CR Sales Revenue 8,400
DR Cash 8,400; CR Sales Revenue 8,000; CR Sales Taxes Payable 400
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