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Bacchus Brewery had sales on account of $7,500 which were subject to state sales tax of 10%. The entry to record the sales would be
Bacchus Brewery had sales on account of $7,500 which were subject to state sales tax of 10%. The entry to record the sales would be to: A. debit Accounts Receivable, $7,500; debit Sales tax payable, $750; credit Sales revenue, $8,250. B. debit Accounts Receivable, $8,250; credit Sale revenue, $8,250. C. debit Accounts Receivable, $7,500; credit Sales revenue, $7,500. D. debit Accounts Receivable, $8,250;credit Sales revenue, $7,500; credit Sales tax payable, $750
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