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During the month of June, Cheyenne's Boutique had cash sales of R$238,500 and credit sales of R$138,330, both of which include the 6% sales tax
During the month of June, Cheyenne's Boutique had cash sales of R$238,500 and credit sales of R$138,330, both of which include the 6% sales tax that must be remitted to the government by July 15.
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Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements. (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.)
Date | Account Titles and Explanation | Debit | Credit |
June 30 | |||
please make sure the answer is correct 100%
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