Business, 26.11.2019 03:31 jasminer257
Kathy's corner store has total cash sales for the month of $35,000 excluding sales taxes. if the sales tax rate is 6%, which journal entry is needed? (ignore cost of goods sold.)
a. debit cash $35,000 and credit sales revenue $35,000
b. debit cash $36, 050, credit sales revenue $35,000 and credit sales tax payable $1, 050
c. debit cash $33, 950, debit sales tax receivable for $1, 050 and credit sales revenue for $35,000
d. debit cash $36, 050, credit sales revenue $36, 050
Answers: 3
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Kathy's corner store has total cash sales for the month of $35,000 excluding sales taxes. if the sal...
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