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Exercise 13-5 During the month of June, Blue Boutique had cash sales of $208,650 and credit sales of $109,033, both of which include the 7
Exercise 13-5 During the month of June, Blue Boutique had cash sales of $208,650 and credit sales of $109,033, both of which include the 7 % sales tax that must be remitted to the state by July 15 Prepare the adjusting entry that should be recorded to fairly present the June 1 automatically indente financial statements, (If no entry is reguired, select "No Entry" for the account titles and enter 0 for the amounts, Credit account titles are no Account Titles and Explanation Debit Date Credit June 30
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