Question: Moving to another question will save this response. Question 5 Sitra Trading Company is required by law to collect and remit sales taxes to the



Moving to another question will save this response. Question 5 Sitra Trading Company is required by law to collect and remit sales taxes to the government. Sitra has $ 32,000 of cash sales that are subje O A. Debit Cash $ 32,000 & Sales Taxes Payable $ 1,280; Credit: Sales Revenue $ 33,280. Debit Sales Revenue $ 30,720 & Sales Taxes Payable $ 1,280, Credit Cash $ 32,000. O C. Debit Cash $ 33,280; Credit: Sales Revenue $ 32,000 & Sales Taxes Payable $ 1,280. O D. Debit: Cash $ 32,000; Credit: Sales Revenue $ 30,720 & Sales Taxes Payable $ 1,280. ho ponse. Ques 1 poin stand remit sales taxes to the government. Sitra has $ 32,000 of cash sales that are subject to an 4% sales tax. The journal entry to record the cash sales includes: le $ 1,280; ces Payable $ 1,280, xes Payable $ 1,280. ces Payable $ 1,280. The testion 4 Ahmed, a new partner, contributed $70,000 cash plus machines valued at $35,000 to the partnership. This transaction is recorded by the following journal er O A. Debit Assets $105,000; Credit: Partnership Capital $105,000. O B. Debit Cash $70,000 and Machines $35,000; Credit: Partnership Capital $105,000. O C. Debit Ahmed Capital $105,000; Credit Cash $70,000 and Machines $35,000 O D. Debit Cash $70,000 and Machines $35,000; Credit Ahmed Capital $105,000. Moving to another question will save this response. hp
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