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Hoffman Granite Company does not segregate sales and sales taxes at the time of sale. The register total for June 16 is $16,380. All sales
Hoffman Granite Company does not segregate sales and sales taxes at the time of sale. The register total for June 16 is $16,380. All sales are subject to a 4% sales tax. Compute sales taxes payable, and make the entry to record sales taxes payable and sales revenue. The journal entry to record the transaction should include: Select one: a. a credit to sales taxes payable 630 b. a debit to cash 17,199 c. a credit to sales revenue 16,380 d. a credit to cash 16,380
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