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Boxer, Inc. sells a product to a customer for a cash price of $1000 and collects 10% sales tax. Boxers journal entry to record this
Boxer, Inc. sells a product to a customer for a cash price of $1000 and collects 10% sales tax. Boxers journal entry to record this transaction is
a. Credit cash $1000 and debit sales $1000
b. Debit cash $1100 and credit sales $1100
c. debit cash $1100 and credit sales $1000 and credit sales tax payable $100
d. debit cash $1100 and credit sales $1000 and credit sales tax expense $100
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