If we sell an item for $120 that includes $2 sales tax, what account do we credit

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If we sell an item for $120 that includes $2 sales tax, what account do we credit for $2?

Sales Tax Payable

Sales

Sales Returns and Allowances

Accounts Payable

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Posted Date: Nov 02, 2018 11:23 AM

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If we sell an item for $120 that includes $2 sales tax, what account do we credit

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Sales tax is a liability payable for sales made to ... View the full answer

College Accounting

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