Question
Kingbirds AS made credit sales of 29,100 which are subject to 6% VAT. The company also made cash sales which totaled 19,716 including the
Kingbirds AS made credit sales of 29,100 which are subject to 6% VAT. The company also made cash sales which totaled 19,716 including the 6% VAT. Your answer is partially correct. Prepare the entry to record Kingbirds' credit sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Accounts Receivable Sales Taxes Payable Sales Revenue eTextbook and Media List of Accounts - Your answer is partially correct. Debit 30846 Credit 1746 29100 Prepare the entry to record Kingbirds' cash sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Cash Sales Taxes Payable Sales Revenue Debit Credit 19716 1116 18600
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