Question
The entry to record a sale on account of merchandise of $300 subject to sales tax of 6% includes a debit to the a)Accounts Receivable
The entry to record a sale on account of merchandise of $300 subject to sales tax of 6% includes a debit to the
a)Accounts Receivable account for $318.
b)Sales tax Payable account for $18.
c)Accounts Receivable account for $300.
d)Cash account for $300 and a debit to the Sales Tax account for $18.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
