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please post explanations too! TB EX Qu. 8-166 During November, Wireless, Inc., makes... During November, Wireless, Inc., makes a $1.300 credit sale excluding sales tax.
please post explanations too!
TB EX Qu. 8-166 During November, Wireless, Inc., makes... During November, Wireless, Inc., makes a $1.300 credit sale excluding sales tax. The state sales tax rate is 5% and the local sales tax rate is 1.50% Record sales revenue and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest dollar amount.) View transaction list Journal entry worksheet Record sales revenue and sales tax payable. Debit Note: Enter debits before credits Transaction General Journal Accounts Receivable Sales Revenue Credit 1,385 View transaction list Journal entry worksheet Step by Step Solution
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