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Kathy's Corner Store has total cash sales for the month of $34,000 excluding sales taxes. If the sales tax rate is 4%, which journal entry
Kathy's Corner Store has total cash sales for the month of $34,000 excluding sales taxes. If the sales tax rate is 4%, which journal entry is needed? (Ignore Cost of Goods Sold.) ... O A. debit Cash $35,360, credit Sales Revenue $34,000 and credit Sales Tax Payable $1,360 O B. debit Cash $35,360, credit Sales Revenue $35,360 OC. debit Cash $34,000 and credit Sales Revenue $34,000 O D. debit Cash $32,640, debit Sales Tax Receivable for $1,360 and credit Sales Revenue for $34,000
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