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Zaytouta restaurant doesn't 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 doesn't 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 269,325 and Sales tax payable 14,175 O b. Debit Cash 297,675 and credit both Sales 283,500 and Sales tax payable 14,175 C. Debit Cash 283,500 and credit both Sales 270,000 and Sales tax payable 13,500 O d. Debit Cash 283,500 and credit Sales 283,500
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