Smith Company sold merchandise for $3,000 cash. Assume the event is subject to a state sales tax of 9%. Which of the following journal entries would be required to record the sales event? (Ignore any effects associated with the recognition of cost of goods sold.)

A. Account Titles Debit Credit
Cash 3,270
Sales Revenue 3,270
B. Account Titles Debit Credit
Cash 3,000
Sales Tax Expense 270
Sales Revenue 3,270
C. Account Titles Debit Credit
Cash 3,000
Sales Tax Payable 270
Sales Revenue 2,730
D. Account Titles Debit Credit
Cash 3,270
Sales Tax Payable 270
Sales Revenue 3,000

What is the relationship between credit and debt?

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.

What is the purpose of the us international trade association?