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Kathy's Comer Store has total cash sales for the month of $34.000 excluding sales taxes. If the sales tax rate is 3%, which journal
Kathy's Comer Store has total cash sales for the month of $34.000 excluding sales taxes. If the sales tax rate is 3%, which journal entry is needed? ignore Cost of Goods Sold) OA debt Cash $35,020, credt Sales Revenue $35,000 OB debit Cash $32.900, debit Sales Tax Receivable for $1,020 and credt Sales Revenue for $34,000 OC debt Cash $34,000 and credt Sales Revenue $34,000 OD. debt Cash $35.020, credit Sales Revenue $34,000 and credit Sales Tax Payable $1.020
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