Sales revenue for a sporting goods store amounted to $215 000 for the current period. All sales are on account and are subject to additional GST of 10%. Which of the following would be included in the journal entry to record these sales?

Question

Quizplus · Accepted Answer

The sales revenue of $215,000 plus 10% GST ($21,500) results in a total accounts receivable of $236,500, which should be debited.

Sales Revenue for a Sporting Goods Store Amounted to $215