Cullumber Corporation made credit sales of $$37,800$ which are subject to $6\%$ sales tax. The corporation also made cash sales which

totaled $$30,846$ including the $6\%$ sales tax.

$($a$)$

Your answer is partially correct.

Prepare the entry to record Cullumber'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

Cash

$40068$

Sales Revenue

Sales Tax Payable

eTextbook and Media

Solution

List of Accounts

Attempts: $3$ of $3$ used

$($b$)$

Prepare the entry to record Cullumber's cash 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

eTextbook and Media

List of Accounts