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Sales Tax A sale of merchandise on account for $36,000 is subject to an 8% sales tax. a. Should the sales tax be recorded at
Sales Tax A sale of merchandise on account for $36,000 is subject to an 8% sales tax. a. Should the sales tax be recorded at the time of sale or when payment is received? At the time of sale b. What is the amount credited to sales? $ 36,000 c. What is the amount debited to Accounts Receivable? $ 36,000 X d. what is the account to which the $2,880 ($36,000 896) is credited? Sales Tax Payable Feedback Check My Work
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