Merchandise is sold for cash. The selling price of the merchandise is $2,300, and the sale...
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Merchandise is sold for cash. The selling price of the merchandise is $2,300, and the sale is subject to a 6% state sales tax. The journal entry for the sale would include a credit to Sales Tax Payable for $138 Oh Cash for $2,300 Sales for $2,162 Od Sales for $2,4381 Merchandise is sold for cash. The selling price of the merchandise is $2,300, and the sale is subject to a 6% state sales tax. The journal entry for the sale would include a credit to Sales Tax Payable for $138 Oh Cash for $2,300 Sales for $2,162 Od Sales for $2,4381
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