Question
On June 30, Jones Company owes and pays a total of $850 of sales taxes to the state. The journal entry to record the payment
On June 30, Jones Company owes and pays a total of $850 of sales taxes to the state. The journal entry to record the payment of sales taxes would include which of the following?
A credit to Sales Taxes Payable for $850
A debit to Cash for $850
A debit to Sales Taxes Payable for $850
A debit to Sales Tax Expense for $850
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
