Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kathy sComer Store has total cash sales for the month of $35,000 excluding sales taxes if the sales tax rate is 8%, which Goods Sold.)
Kathy sComer Store has total cash sales for the month of $35,000 excluding sales taxes if the sales tax rate is 8%, which Goods Sold.) al entry is needed? ignore Cost of O A. O B. debit Cash $37,800, credit Sales Revenue $35,000 and credit Sales Tax Payable $2,800 O C. debit Cash $32,200, debit Sales Tax Receivable for $2,800 and credit Sales Revenue for $35,000 debit Cash $35,000 and credit Sales Revenue $35,000 O D. debit Cash $37,800, credit Sales Revenue $37,800
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