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Zaytouta restaurant doesnt segregate sales and sales taxes. its register total for 25/05/2020 was $283,500 which includes 5% sales tax. the journal entry to record
Zaytouta restaurant doesnt segregate sales and sales taxes. its register total for 25/05/2020 was $283,500 which includes 5% sales tax. the journal entry to record the sales transaction is: a. Debit Cash 283,500 and credit both Sales 270,000 and Sales tax payable 13,500 b. Debit Cash 283,500 and credit both Sales 269,325 and Sales tax payable 14,175 c. Debit Cash 283,500 and credit Sales 283,500 d. Debit Cash 297,675 and credit both Sales 283,500 and Sales tax payable 14,175
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