Question
Hallmark Cards, Inc. records sales and sales tax separately. On May 1, Jays Hallmark Shop in New York had sales on account of $2,540 and
Hallmark Cards, Inc. records sales and sales tax separately. On May 1, Jays Hallmark Shop in New York had sales on account of $2,540 and cash sales of $2,420. The state sales tax is 7%. The journal entry to record the sales.
| Account Name | Debit | Credit |
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QS 9000 Handbook A Guide To Registration And Audit
Authors: Jayanta Bandyopadhyay
1st Edition
157444011X, 978-1574440119
