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Brief Exercise 13-5 Skysong Corporation made credit sales of $40,200 which are subject to 5% sales tax. The corporation also made cash sales which totaled
Brief Exercise 13-5 Skysong 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 Skysong's credit sales. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Prepare the entry to record Skysong's cash sales. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indeted when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit
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