During the month, a company sells goods for a total of $108,000, which includes sales taxes of $8,000; therefore, the company should recognize $100,000 in Sales Revenue and $8,000 in Sales Tax Expense.

Name: During the month, a company sells goods for a total of $108,000, which includes sales taxes of $8,000; therefore, the company should recognize $100,000 in Sales Revenue and $8,000 in Sales Tax Expense.
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Question

Quizplus · Accepted Answer

The company should recognize $108,000 in Sales Revenue and $8,000 in Sales Tax Expense.

During the Month, a Company Sells Goods for a Total