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Bacchus Brewery had sales on account of $7,900 which were subject to state sales tax of 7%. The entry to record the sales would be
Bacchus Brewery had sales on account of $7,900 which were subject to state sales tax of 7%. The entry to record the sales would be to: O A. debit Accounts Receivable, $8,453; credit Sale revenue, $8,453. OB. debit Accounts Receivable, $7,900; credit Sales revenue, $7,900. O C. debit Accounts Receivable, $8,453; credit Sales revenue, $7,900; credit Sales tax payable, $553. OD. debit Accounts Receivable, $7,900; debit Sales tax payable, $553; credit Sales revenue, $8,453
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