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Manama Trading has $ 8,000 of cash sales that are subject to an additional 8% sales tax, what is the journal entry to recond the
Manama Trading has $ 8,000 of cash sales that are subject to an additional 8% sales tax, what is the journal entry to recond the cash sales in the company books? OA. Debit Cash $8,000, credit Sales $ 7,360, credit Sales Taxes Payable $640. OB. Debit Cash $8,000, credit Sales 5 8,000; and record the taxes when paid. OC. Debit Sales Taxes Payable $ 640, debit Cash $ 7,360; credit Sales $8,000, OD. Debit Cash $ 8,640, credit Sales 5 8,000, credit Sales Taxes Payable 5. 6401
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