15. How many journal entries are normally required for a merchandiser to record a sale of...

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15. How many journal entries are normally required for a merchandiser to record a sale of goods? a. One b. Two c. Three d. None, as merchandisers don't sell goods. 16. Boxer, Inc sells a product to a customer for a cash price of $1.000 and collects 10% sales tax Boxer's journal entry to record the transaction is a. Credit Cash S1,000 and Debit Sales $1,000 b. Debit Cash $1,100 and Credit Sales $1,100 c. Debit Cash $1,100 and Credit Sales $1,000 and Credit Sales Tax Payable $100 d. Debit Cash $1,100 and Credit Sales $1,000 and Credit Sales Tax Expense $100 15. How many journal entries are normally required for a merchandiser to record a sale of goods? a. One b. Two c. Three d. None, as merchandisers don't sell goods. 16. Boxer, Inc sells a product to a customer for a cash price of $1.000 and collects 10% sales tax Boxer's journal entry to record the transaction is a. Credit Cash S1,000 and Debit Sales $1,000 b. Debit Cash $1,100 and Credit Sales $1,100 c. Debit Cash $1,100 and Credit Sales $1,000 and Credit Sales Tax Payable $100 d. Debit Cash $1,100 and Credit Sales $1,000 and Credit Sales Tax Expense $100

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15 bTwo When merchandiser sold the goods two journal entries ... View the full answer