A cash register tape shows cash sales of $3000 and sales taxes of $200.The recording of this information includes a(n)
A) Increase to Cash and an increase to Sales Revenue for $3200.
B) Increase to Cash for $3200 an increase to Sales Tax Payable for $200 and an increase to Sales Revenue for $3000.
C) Increase to Cash for $3000 an increase to Sales Tax Expense for $200 and an increase to Sales Revenue for $3200.
D) Increase to Cash for $3200 an increase to Sales Revenue for $3000 and an increase to Sales Tax Revenue for $200.
Correct Answer:
Verified
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