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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.

How would the adjusting entry change if the 6% tax was a VAT rather than a sales tax?

Adjusting entry will be:?

Date Particulars Debit Credit
30-Jun

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