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Best Buy sold a computer in cash. The selling price of the computer is $8,000 and $400 sales taxes were charged on that sold computer.

Best Buy sold a computer in cash. The selling price of the computer is $8,000 and $400 sales taxes were charged on that sold computer. The journal entry to record this sales transaction is Dr. Cash 8,000 Cr.Sales Revenue 8,000 Dr. Cash 8,400 Cr. Sales Tax Revenue 400 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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