Acompany receives $348, of which $28 is for sales tax. the journal entry to record the sale would include a
1. debit to sales taxes payable for $28.
2. debit to sales revenue for $348.
3. debit to cash for $348.
4. debit to sales taxes expense for $28.

3) debit to Cash for $348.

Explanation:

The complete journal entries should be:

Dr Cash account 348

Cr Sales Revenue account 320

Cr Sales Taxes Payable account 28

Cash is an asset account and it increases, so it should be debited.

Sales revenue is a revenue account and it increases, so it should be credited.

Sales taxes payable is a liability and it increases, so it should be credited.

answerblank(1) negatively.blank(2); rises; blank(3) falls;