Question 18 Not yet answered Marked out of 1.00 P Flag question A company receives $696, of which $56 is for sales tax. The journal entry to record the sale would include a a. debit to Sales Tax Expense for $56. b. debit to Sales Revenue for $696. c. debit to Sales Taxes Payable for $56. d. debit to Cash for $696. Marked out of 1.00 Time left 1:11:17 Flag question Karam Inc. issued 6,000 shares of no-par common stock with a stated value of $5 per share. The market price of the stock on the date of issuance was $14 per share. The entry to record this transaction includes a a. debit to Cash for $30,000. b. credit to Common Stock for $30,000. C. credit to Common Stock for $84,000. d. debit to Paid-in Capital in Excess of Par for $84,000