Question
Your answer is incorrect. A company receives $336, of which $27 is for sales tax. The journal entry to record the sale would include
Your answer is incorrect. A company receives $336, of which $27 is for sales tax. The journal entry to record the sale would include a debit to Sales Revenue for $336. debit to Sales Taxes Payable for $27. debit to Cash for $336. debit to Sales Taxes Expense for $27.
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
