Merchandise is sold on account for $90, and the sale is subject to a retail sales tax of $5.40. The sales account should be credited for

Name: Merchandise is sold on account for $90, and the sale is subject to a retail sales tax of $5.40. The sales account should be credited for
Brand: Quizplus
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Question

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The sales account should be credited for the amount of the merchandise sold, which is $90. The sales tax is recorded separately in a sales tax payable account.

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