Salada Inc. sold merchandise for cash totaling $ 16,400, which includes 6.5% sales taxes.

Journalize Salada Inc. transaction. (Record the transaction journal entry)

Salada Inc. sold merchandise for a total of $ 16,400, which includes 6.5% sales tax.

Prepare the required entry for the transaction (Make the wage entry to acknowledge the sale).

Cash-debit 16,400 Cash-credit 16,400 Sales taxes payable-credit 1,000.94 Sales taxes payable-debit 1,000.94 Sales taxes payable-credit 994.39 Sales taxes payable-debit 994.39 Sales taxes payable-credit 1,007.47 Sales taxes payable-debit 1,007.47 Sales revenue-credit 15,399.06 Sales revenue-credit 15,405.61 Sales revenue-credit 15,392.53 Sales revenue-debit 15,399.06 Sales revenue-debit 15,405.61 Sales revenue-debit 15,392.53