Question: choose the correct answer, make sure it is correct 100% . Stine Co. is a retail store operating in a state with a 6% retail
choose the correct answer, make sure it is correct 100%
.
Stine Co. is a retail store operating in a state with a 6% retail sales tax. Stine Co. records the sales tax in the Sales account. The amount recorded in the Sales account during May was 148,400. The amount of sales reported on the income statement for Stine for May is
139,496.
148,400.
140,000.
157,304.
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