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Roses Company uses a cash receipts journal. The company charges sales tax, makes bank credit card sales, and offers no cash discounts. On May 30,
Roses Company uses a cash receipts journal. The company charges sales tax, makes bank credit card sales, and offers no cash discounts. On May 30, the company recorded bank credit card sales for the month of $35,000 plus sales tax of $2,275. Bank credit card expenses on these sales are $800. How would this transaction be recorded in the cash receipts journal of Roses Company? a. Debit Cash for $37,275 and credit Sales for $37,275 b. Debit Cash for $36,475, debit Bank Credit Card Expense for $800, credit Sales for $35,000, and credit Sales Tax Payable for $2,275 c. Debit Cash for $37,275, credit Sales for $35,000, and credit Sales Tax Payable for $2,275 d. Debit Cash for $36,475, debit Bank Credit Card Expense for $800, and credit Accounts Receivable for $37,275
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