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During the month of June, Marin's Boutique had cash sales of R$318,000 and credit sales of R$ 184,440, both of which include the 6% sales
During the month of June, Marin's Boutique had cash sales of R$318,000 and credit sales of R$ 184,440, 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? (If no entry is required, select "No Entry" for the account titles and enter O 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
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