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Wafa Company did not segregate tax amount with sales. For the month of November It shows a total amount of the bill 59,000. Sales are

Wafa Company did not segregate tax amount with sales. For the month of November It shows a total amount of the bill 59,000. Sales are subject to 18% sales tax.

Instructions:

  1. Compute the amount of of sales tax ?

  1. Prepare the journal entry to record the sale in Wafa books for the month of November.

Solution question 3:

1. Amount of sales tax

2. Journal entry

Date

Account title and explanation

Debit

Credit

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