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Merchandise is sold for cash for $2,900 plus 4 percent sales tax. The journal entry to record the sale will include Multiple Choice a debit
Merchandise is sold for cash for $2,900 plus 4 percent sales tax. The journal entry to record the sale will include Multiple Choice a debit to Cash for $3,016, a credit to Sales Tax Payable for $116 and a credit to Sales for $2.900. a debit to Accounts Receivable for $3,016 and a credit to Sales for $3.016. a debit to Cash for $2.900 and a credit to Sales for $2,900 They a debit to Accounts Receivable for $2.900: a debit to Sales Tax Payable for $116 and a credit to Sales for $3,016
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