Question
Nash Corporation made credit sales of $35,400which are subject to7% sales tax. The corporation also made cash sales which totaled $27,178including the7% sales tax. Prepare
Nash Corporation made credit sales of $35,400which are subject to7% sales tax. The corporation also made cash sales which totaled $27,178including the7% sales tax.
Prepare the entry to record Nash's credit sales.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Prepare the entry to record Nash's cash sales.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
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