In May a retailer recorded credit sales of $19000. assuming the sales tax rate is 4 percent,

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In May a retailer recorded credit sales of $19000. assuming the sales tax rate is 4 percent, the entry to record the sales in the sales journal would include:

A. a debit to accounts receivable of $19760

B. a credit to sales of $19,760

C. a credit to accounts receivable of $19760

D. a debit to Sales tax payable of &760

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Dec 22, 2023 12:21 AM

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In May a retailer recorded credit sales of $19000. assuming the sales tax rate is 4 percent,

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Fundamentals of Financial Accounting

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