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A Cash Register Tape Shows Cash Sales of $3000 and Sales

Question 67

Multiple Choice

A cash register tape shows cash sales of $3000 and sales taxes of $240. The journal entry to record this information is


A)  Cash3,240 Sales Revenue3,240\begin{array}{lrr} \text { Cash} &3,240\\ \text { Sales Revenue} &&3,240\\\end{array}

B)  Cash 3,240 Sales Taxes Payable 240 Sales Revenue 3,000\begin{array}{lr}\text { Cash } &3,240\\\text { Sales Taxes Payable }&&240\\\text { Sales Revenue }&&3,000\end{array}

C)  Cash 3,000 Sales Tax Expense 240 Sales Revenue 3,240\begin{array}{lr}\text { Cash } &3,000\\\text { Sales Tax Expense }&240\\\text { Sales Revenue }&&3,240 \end{array}

D)  Cash 3,240 Sales Revenue3,000 Sales Tax Revenue 240\begin{array}{lrr} \text { Cash } &3,240\\ \text { Sales Revenue} &&3,000\\ \text { Sales Tax Revenue } &&240\end{array}

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