Motown sells merchandise on account TO the Max Corporation as follows: Gross Sale amount before sales tax = $876,000 Sales Tax % = 3.50% 

Q1: Consider the original entry assuming Motown uses a Sales Tax Payable account (net method). The credit to Sales Revenue is for what amount? Input an amount. Do NOT use negative amounts. Do NOT use commas, decimals or dollar signs. Round to the nearest whole dollar. Rounding has been considered in all answers. Zero (0) is a valid

Answer rating: 100% (QA)

The credit to Sales Revenue in this scenario would be for ... View the full answer