Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 sales journal would include:
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started