Recent Posts • Latest Topics • Unanswered Questions

Sales revenue for a sporting goods store amounted to $526,000 for the current period. All sales are ...

H3Ko

wrote...

Go to Answer

Posts: 4891

Rep:

7 years ago

Sales revenue for a sporting goods store amounted to $526,000 for the current period. All sales are ...

Sales revenue for a sporting goods store amounted to $526,000 for the current period. All sales are on account and are subject to a sales tax of 10%. Which of the following would be included in the journal entry to record the sales transaction?
A) a debit to Sales Revenue for $526,000
B) a debit to Sales Tax Payable for $52,600
C) a debit to Accounts Receivable for $578,600
D) a credit to Accounts Receivable for $526,000

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 1067 times

5 Replies

Report

Replies

Answer verified by a subject expert

.unplugged.

wrote...

Related Topics

H3Ko Author

wrote...

7 years ago

I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right

Report

Valeria G.

wrote...

4 years ago

I appreciate the help.

Report

Brandon L.

wrote...

3 years ago

Thanx

Report

Jeid123

wrote...

3 years ago

thanks

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1118 People Browsing

118 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

236

1439

Your Opinion

Previous poll results: Should Ph.D.'s be addressed as doctors?

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.