Al's Bookstore has collected $950 in sales taxes during April.If sales taxes must be remitted to the state government monthly recording this information includes a(n)
A) Increase to Sales Tax Expense and a decrease to Cash for $950.
B) Decrease to Sales Taxes Payable and to Cash for $950.
C) Increase to Sales Tax Expense and to Sales Taxes Payable for $950.
D) No recording required.
Correct Answer:
Verified
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