During the month of June, Novak Boutique recorded cash sales of $ 2 5 9 , 3
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Question:
During the month of June, Novak Boutique recorded cash sales of $ and credit sales of $ both of which include the sales tax that must be remitted to the state by July
Prepare the adjusting entry that should be recorded to fairly present the June financial statements. If no entry is required, select No Entry\" for the account titles and enter for the amounts. Credit account titles are
automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.
Date
Account Titles and Explanation
Debit
Credit
June
enter an account title for the adjusting entry on June
Sales Revenue
Correct answer
enter a debit amount
Incorrect answer
enter a credit amount
Incorrect answer
enter an account title for the adjusting entry on June
Sales Taxes Payable
Correct answer
enter a debit amount
Incorrect answer
enter a credit amount
Incorrect answer
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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