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Dionysus Diamonds, Inc. had sales on account of $16,500 which were subject to state sales tax of 8%. The entry to record the sales would
Dionysus Diamonds, Inc. had sales on account of $16,500 which were subject to state sales tax of 8%. The entry to record the sales would be to:Group of answer choicesdebit Accounts Receivable $16,500; credit Sales Revenue $16,500.debit Accounts Receivable $16,500; debit Sales Tax Payable $1,320; credit Sales Revenue $17,820.debit Accounts Receivable $17,820; credit Sales Revenue $16,500; credit Sales Tax Payable $1,320.debit Accounts Receivable $17,820; credit Sales Revenue $17,820.
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