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Riverbed Corporation made credit sales of $39,600 which are subject to 5% sales tax. The corporation also made cash sales which totaled $16,905 including
Riverbed Corporation made credit sales of $39,600 which are subject to 5% sales tax. The corporation also made cash sales which totaled $16,905 including the 5% sales tax. (a) Your answer is correct. Prepare the entry to record Riverbed's credit sales. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (b) Account Titles and Explanation Accounts Receivable Sales Revenue Sales Tax Payable eTextbook and Media List of Accounts Debit Credit 41580 39600 1980 Attempts: 2 of 3 used Prepare the entry to record Riverbed's cash sales. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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