Celia's had sales of $8,421. The state sales tax rate is 8%. Sales are for cash. What amount will be credited to the Sales Revenue account?

Name: Celia's had sales of $8,421. The state sales tax rate is 8%. Sales are for cash. What amount will be credited to the Sales Revenue account?
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Question

Quizplus · Accepted Answer

The Sales Revenue account is credited with the actual sales amount, which is $8,421. The sales tax is recorded separately.

Celia's Had Sales of $8,421