A cash register tape shows cash sales of $2,500 and sales taxes of $200. The journal entry to record this information is
A) Cash 2,700 Sales Revenue 2,700
B) Cash 2,700 Sales Tax Payable 200
Sales Revenue 2,500
C) Cash 2,500 Sales Tax Expense 200
Sales Revenue 2,700
D) Cash 2,700 Sales Revenue 2,500
Sales Tax Revenue 200
Correct Answer:
Verified
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