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XYZ company received $2,000 from sale of merchandise which includes $300 sales tax. The journal entry to record the sales would include a: * Debit
XYZ company received $2,000 from sale of merchandise which includes $300 sales tax.
The journal entry to record the sales would include a: *
Debit to Sales Tax Expense for $300.
Debit to Sales Taxes Payable for $300.
Debit to Sales Revenue for $300.
Debit to Cash for $2,000.
None of the above
Sales Revenue amount is equal to: *
$2,300
$2,000
$1,700
$300
None of the above
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