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Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $4.500 of cash sales that are subject
Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $4.500 of cash sales that are subject to an 6% sales tax, what is the journal entry to record the cash sales? 504 Multiple Choice Debit Accounts Receivable $4770, credit Sales $4,500 credit Sales Taxes Payable $270 O Debit Cash $4770, credit Sales $4500, credit Sales Taxes Payable $270 0 O Debit Sales Taxes Payable $270. debit Cash $1230. credit Sales $4500 0 O Debit Cash $4,500, credit Sales $4230 Credit Sales Tees Payable $270 O Debit Cash $4,500 credit Sales $4500, and record the taxes when pad 0
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