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Dionysus Diamonds, Inc. had sales on account of $20,500 which were subject to state sales tax of 11%. The entry to record the sales would
Dionysus Diamonds, Inc. had sales on account of $20,500 which were subject to state sales tax of 11%. The entry to record the sales would be to A. debit Accounts Receivable $22,755; credit Sales Revenue $22,755. OB. debit Accounts Receivable $20,500; debit Sales Tax Payable $2,255; credit Sales Revenue $22,755. OC. debit Accounts Receivable $20,500; credit Sales Revenue $20,500. OD. debit Accounts Receivable $22,755; credit Sales Revenue $20,500; credit Sales Tax Payable $2.255
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