Question: Just need some help please! I will rate! Many thanks and God bless!!! Sales revenue for a sporting goods store amounted to $533,000 for the

Just need some help please! I will rate!

Many thanks and God bless!!!

Sales revenue for a sporting goods store amounted to $533,000 for the current period. All sales are on account and are subject to a sales tax of 9%. Which of the following would be included in the journal entry to record the sales transaction? O A. a debit to Sales Tax Payable for $47,970 O B. a debit to Accounts Receivable for $580,970 OC. a debit to Sales Revenue for $533,000 OD. a credit to Accounts Receivable for $533,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Just need some help on the part circled in blue please! I will rate! Many thanks and God bless!!! P15-29A (similar to) - X Formulas - Requirements In its annual report, WRM Athletic Supply, Inc....

Just need some help on this and the parts that follow please! I will rate! Many thanks and God bless! S5-9 (similar to) Question Help O Rockwell RV Center's accounting records include the following...

Just need some help on this and the parts that will follow please! Don't forget to include the totals also please! I will rate! Many thanks and God bless E6-18 (similar to) Question Help Putter's...

Just really need some help understanding this please I will rate! Many thanks and God bless!!! S16-7 (similar to) Consider the following partially completed income statements for merchandising...

Please need some help on this and the parts that follow! Please! I will rate! Many thanks and God bless E6-16 (similar to) Question Help Putter's Paradise carries an inventory of putters and other...

Just really need some help on this please! The part circled in blue. I will rate! Many thanks and God bless!!! P15-29A (similar to) - X Formulas - Requirements In its annual report, WRM Athletic...

I just need some help calculating the profit margin ratio and finding the formula on the sheet please! The thing circled in blue. I will rate! Many thanks and God bless!!! %x P15-29A (similar to)...

Just really need some help on this! I will rate! Many thanks and God bless!!! (If you zoom in some the images will become sharper. Pinch and Zoom helps also.) P15-29A (similar to) Financial Summary...

Just really need some help on the part circled in blue! I will rate! Many thanks and God bless!!! Requirements Ref. Formula Analyze the company's financial summary for the fiscal years 2014-2018 to...

Just need some help on this please and the parts that will follow. I will rate! Many thanks and God bless! S8-13 (similar to) Question Help Northrend Clothiers reported the following selected items...

Ford Motor Company disclosed estimated product warranty payable for comparative years as follows: Ford?s sales were $160,123 million in 2005 and increased to $176,896 million in 2006. Assume that the...

For flow of gas over a flat surface that has been artificially roughened by sand-blasting, the local heat transfer by convection can be correlated by the dimensionless reactionNux = 0.05 Rex0.9(a)...

Net Asset Value per share for a mutual fund can be expected to decrease if the: A securities in the portlolio have appreciated in volue securities in the portfolio hove mode dividend distributions...

Have you ever been asked unethical, biased, or uncivil questions? Did you ever, knowingly or unknowingly, use these types of questions yourself? How can you deal with questions like these if you find...

Particularly when dealing with your neutral and hostile audiences, what are some ways that you can bridge the gap between your beliefs and those of your audience members? How can you generate...

Is there a particular organizational pattern that would best suit you, your topic, or your audience? For example, are you comfortable with and knowledgeable enough about your hostile audiences...