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On Deck Sports Memorabilia store sells a Babe Ruth rookie card for $4,100 on account. If the sales tax on the sale is 4%,
On Deck Sports Memorabilia store sells a Babe Ruth rookie card for $4,100 on account. If the sales tax on the sale is 4%, the journal entry to record the sale would include: Multiple Choice a credit to Sales for $4,264 a debit to Sales for $4,300 a debit to Sales Tax Payable for $164 a debit to Accounts Receivable for $4,264
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