Question
During the first quarter of the current year, Washington sold 4,000 televisions on credit for $150 each plus state tax of 6%. The journal entry
During the first quarter of the current year, Washington sold 4,000 televisions on credit for $150 each plus state tax of 6%. The journal entry to record the sales of the televisions would include:
A. A debit to Account Receivable for $636,000, a credit to sales Revenue for $600,000, and a credit to State Sales Tax Payable for $36,000.
B. A debit to Accounts Receivable for $600,000, and a credit to Sales Revenue for $600,000.
C. A debit to Cash for $636,000, a credit to Sales Revenue for $600,000, and a credit to State Sales Tax Payable for $36,000.
D. A debit to Accounts Receivable for $636,000, and a credit to Sales Revenue for $636,000.
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