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QUESTION 22 Which of the following would be included in the journal entry to record the payment of sales tax payable? A) a debit to
QUESTION 22 Which of the following would be included in the journal entry to record the payment of sales tax payable? A) a debit to Sales Tax Payable B) a credit to Sales Tax Expense C) a debit to Sales Tax Expense D) a credit to Sales Tax Payable QUESTION 23 Which of the following accounts is credited by the seller when tax is collected on retail sales? A) Accounts Payable B) Payroll Tax C) Sales Tax Payable D) Unearned Revenue QUESTION 24 Mars Company had cash sales of $10,000. The state sales tax rate is 10.896. What amount is debited to the Cash account? A) $10,000 B) $11,080 OC) $1080 D) $1000
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