Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bravata bravata
wrote...
Go to Answer
Posts: 1417
Rep: 1 0
7 years ago
S&C Roofing had sales on account of $28,500 which were subject to state sales tax of 9%. The entry to record the sales would be to:
A) debit Accounts Receivable, $28,500; credit Sales revenue, $28,500.
B) debit Accounts Receivable, $31,065; credit Sale revenue, $31,065.
C) debit Accounts Receivable, $28,500; debit Sales tax payable, $2,565; credit Sales revenue, $31,065.
D) debit Accounts Receivable, $31,065; credit Sales revenue, $28,500; credit Sales tax payable, $2,565.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
Read 161 times
1 Reply
Replies
Answer verified by a subject expert
largerthanlifelargerthanlife
wrote...
#1
Top Poster
Posts: 939
Rep: 33 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bravata Author
wrote...

7 years ago
Thank you, thank you, thank you!
shelbycox
wrote...

Yesterday
Helped a lot
sudenzia
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1253 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 2479
  
 2163
  
 272
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?