Question
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.
.
Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements.
| Date | Account Titles and Explanation | Debit | Credit |
| June 30 |
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
