Monty Corporation made credit sales of $33,000 which are subject to 6% sales tax. The corporation...
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Monty Corporation made credit sales of $33,000 which are subject to 6% sales tax. The corporation also made cash sales which totaled $15,476 including the 6% sales tax. (a) Your answer has been saved. See score details after the due date. Prepare the entry to record Monty's credit sales. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Accounts Receivable Sales Revenue Sales Tax Payable Debit Credit 34900 33000 1900 Monty Corporation made credit sales of $33,000 which are subject to 6% sales tax. The corporation also made cash sales which totaled $15,476 including the 6% sales tax. (a) Your answer has been saved. See score details after the due date. Prepare the entry to record Monty's credit sales. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Accounts Receivable Sales Revenue Sales Tax Payable Debit Credit 34900 33000 1900
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