Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

estion 11 Time left 0:53:29 et yet swered The March 25 cash register reading for Cooley Grocery shows sales of $10,000 and sales taxes of

image text in transcribed

estion 11 Time left 0:53:29 et yet swered The March 25 cash register reading for Cooley Grocery shows sales of $10,000 and sales taxes of $600 (sales tax rate of 6%), the journal entry is: arked out of 30 Flag question O a. Debit Accounts receivable 10,600 and credit both Sales revenue 10,000 and Sales tax payable 600 O b. Debit Cash 10,600 and credit both Sales revenue 10,000 and Sales tax payable 600 O Debit Accounts receivable 10,000 and credit both Sales revenue 9,400 and Sales tax payable 600 Od Debit Cash 10,000 and credit both Sales revenue 9,400 and Sales tax payable 600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Creative And Innovative Auditing

Authors: Jeffrey Ridley

1st Edition

1472474627, 9781472474629

More Books

Students also viewed these Accounting questions