Merchandise is sold on account for $90, and the sale is subject to a retail sales tax of $6.40. The amount that should be added to Accounts Receivable would be

Name: Merchandise is sold on account for $90, and the sale is subject to a retail sales tax of $6.40. The amount that should be added to Accounts Receivable would be
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Question

Quizplus · Accepted Answer

The total amount of the sale, including the sales tax, is $96.40. Therefore, the amount added to Accounts Receivable would be $96.40.

Merchandise Is Sold on Account for $90, and the Sale