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Sales for a business for one week amounted to $ 51,120. This amount includes a sales tax of 6.5%. The wage entry to record sales
Sales for a business for one week amounted to $ 51,120. This amount includes a sales tax of 6.5%. The wage entry to record sales was:
Cash 51,120 Salts 51,120
The wage entry to recognize the sales tax will be
to. Salts 3,120 Sales taxes payable 3,120
b. Sales 3,323 Sales taxes payable 3,323
c. Sales tax expense 3,120 Sales taxes payable 3,120
d. Sales tax expense 3,323 Sales taxes payable 3,323
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