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Algona Deli had cash sales for the day of $1,200. In addition, all sales are subject to an 8% sales tax. What journal entry
Algona Deli had cash sales for the day of $1,200. In addition, all sales are subject to an 8% sales tax. What journal entry should be made to record the day's sales and sales taxes? Multiple Choice Account Cash Sales Revenue Sales Tax Payable Account Cash Sales Revenue Sales Tax Expense Account Sales Revenue Sales Tax Expense Cash Account Cash Sales Revenue Sales Tax Payable Debit Credit 1,296 1,200 96 Debit Credit 1,296 1,200 96 Debit Credit 1,104 96 1,200 Debit Credit 1,392 1,296 96
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