Question
In May a retailer recorded credit sales of $19000. assuming the sales tax rate is 4 percent, the entry to record the sales in the
A. a debit to accounts receivable of $19760
B. a credit to sales of $19,760
C. a credit to accounts receivable of $19760
D. a debit to Sales tax payable of &760
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
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