Question
Bridgeport Corporation made credit sales of $40,200 which are subject to 5% sales tax. The corporation also made cash sales which totaled $21,210 including the
Bridgeport Corporation made credit sales of $40,200 which are subject to 5% sales tax. The corporation also made cash sales which totaled $21,210 including the 5% sales tax.
Prepare the entry to record Bridgeport's credit sales.
Account Titles and Explanation Debit Credit
_____________________________ _____________________ ______________________
___________________________ _______________________ _______________________
__________________________ _________________________ ________________________________
Prepare the entry to record Bridgeports cash sales.
Account Titles and Explanation Debit Credit
____________________________________ _____________________ ________________________
________________________________ _________________________ ________________________________
_______________________________ _____________________________ __________________________________
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