Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

estion 2 Zaytouta restaurant doesn't segregate sales and sales taxes. its register total for 25/05/2020 was $283,500 which includes 5% sales tax. the journal entry

image text in transcribed
estion 2 Zaytouta restaurant doesn't segregate sales and sales taxes. its register total for 25/05/2020 was $283,500 which includes 5% sales tax. the journal entry to record the sales transaction is: yet wered rked out of 0 Flag question O a. Debit Cash 283,500 and credit Sales 283,500 O b. Debit Cash 283,500 and credit both Sales 269,325 and Sales tax payable 14,175 Oc Debit Cash 283,500 and credit both Sales 270,000 and Sales tax payable 13,500 od Debit Cash 297,675 and credit both Sales 283,500 and Sales tax payable 14,175 Next page Previous page 4:35 ENG SO 2021/6/23 DELL F9 F10 FB F7 F6 F5 F4 F2 F3 OP

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

More Books

Students also viewed these Accounting questions

Question

Design a system that does not need quality inspections.

Answered: 1 week ago