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7 years ago
Cypress Corp. had sales on account of $16,500 which were subject to state sales tax of 8%. The entry to record the sales would be to:
A) debit Accounts Receivable $16,500; debit Sales Tax Payable $1,320; credit Sales Revenue $17,820.
B) debit Accounts Receivable $17,820; credit Sales Revenue $16,500; credit Sales Tax Payable $1,320.
C) debit Accounts Receivable $16,500; credit Sales Revenue $16,500.
D) debit Accounts Receivable $17,820; credit Sales Revenue $17,820.
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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tivo Author
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Amazing, that's all I can say
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Thank you!
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