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bravata bravata
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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.
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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bravata Author
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Smart ... Thanks!
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