Question: Multiple Choice Question 97 Crane Surplus made cash sales during the month of October of $370000. The sales are subject to a 5% sales tax

Multiple Choice Question 97 Crane Surplus made cash sales during the month of October of $370000. The sales are subject to a 5% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? Credit Sales Revenue for $342483. Credit Sales Taxes Payable for $18500. Debit Accounts Receivable for $370000. Credit Sales Taxes Payable for $17452.

Multiple Choice Question 97 Crane Surplus made cash sales during the month of October of $370000. The sales are subject to a 5% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? O Credit Sales Revenue for $ 342483. Credit Sales Taxes Payable for $ 18500. O Debit Accounts Receivable for $ 370000. O Credit Sales Taxes Payable for $ 17452

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