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Merchandise is sold for cash for $2,800 plus 6 percent sales tax. The journal entry to record the sale will include Multiple Choice 1) a
Merchandise is sold for cash for $2,800 plus 6 percent sales tax. The journal entry to record the sale will include Multiple Choice
1) a debit to Accounts Receivable for $2,800;
2) a debit to Sales Tax Payable for $168 and a credit to Sales for $2,968.
3) a debit to Cash for $2,800 and a credit to Sales for $2,800.
4) a debit to Cash for $2,968, a credit to Sales Tax Payable for $168 and a credit to Sales for $2,800. a debit to Accounts Receivable for $2,968 and a credit to Sales for $2,968.
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