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asap pls Charlie's Pizza collected $150 in sales tax for the quarter. Which of the following accounts should be used in order to post the
asap pls
Charlie's Pizza collected $150 in sales tax for the quarter. Which of the following accounts should be used in order to post the sales tax ? Select the single best answer: 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 Expenso b John, the owner of ABC Company, loans his business $50,000. Which of the following types of balance sheet accounts will be affected? Select all answers that apply: Assets B. liabilities C. Income Dexpenses E capital Which of the following financial statements would show a loan from the owner of the business? Select the single best answer : A. Income statement B. balance sheet C. trial balance D. receivables summary E. None of the above; a loan from the owner of a business should not appear on any financial statements Step by Step Solution
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