Associated Foods had cash sales of $787,000 during the month of August.Sales taxes of 7% were collected on the sales.Prepare an aggregate journal entry to record the sales revenue and sales tax for the month.
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Question

Associated Foods had cash sales of $787,000 during the month of August.Sales taxes of 7% were collected on the sales.Prepare an aggregate journal entry to record the sales revenue and sales tax for the month.
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Quizplus · Accepted Answer

The Answer of Associated Foods had cash sales of $787,000 during the month of August.Sales taxes of 7% were collected on the sales.Prepare an aggregate journal entry to record the sales revenue and sales tax for the month.
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