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Question 10 (3 points) A company had a special promotion where 'sales tax was included in the quoted price! They took in cash dollars of
Question 10 (3 points) A company had a special promotion where 'sales tax was included in the quoted price! They took in cash dollars of $10,000 during the special. The normal sales tax rate is 10% in their area. How would they record this transaction on the seller's books? dr. Cash 9,000 dr. Sales Tax expense 1,000 cr. Sales 10,000 Dr. Cash 10,000 Cr. Sales Tax Payable 909 Cr. Sales 9091 Dr. Cash 10,000 Cr. Sales Taxes Payable 1,000 Cr. Sales 9,000 Dr. Cash 9.091 Dr. Sales tax expense 909 Cr. Sales 10.000
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