A company receives $348, of which $28 is for sales tax.The journal entry to record the sale would include a
A) debit to Sales Taxes Expense for $28.
B)debit to Sales Taxes Payable for $28.
C)debit to Sales Revenue for $348.
D)debit to Cash for $348.

Question

A company receives $348, of which $28 is for sales tax.The journal entry to record the sale would include a
 A) debit to Sales Taxes Expense for $28.
B)debit to Sales Taxes Payable for $28.
C)debit to Sales Revenue for $348.
D)debit to Cash for $348.

Quizplus · Accepted Answer

The Answer of A company receives $348, of which $28 is for sales tax.The journal entry to record the sale would include a
 A) debit to Sales Taxes Expense for $28.
B)debit to Sales Taxes Payable for $28.
C)debit to Sales Revenue for $348.
D)debit to Cash for $348.

A Company Receives $348, of Which $28 Is for Sales