Q10:

25 bener question will save this response. Question 10 Manama Trading has $8,000 of cash sales that are subject to an additional 8% sales tax, what is the journal entry to record the cash sales in the company books? OA. Debit Sales Taxes Payable $ 640; debit Cash $7,360; credit Sales $ 8,000. B. Debit Cash $ 8,000; credit Sales $ 7,360; credit Sales Taxes Payable $ 640. OC. Debit Cash $ 8,000; credit Sales $ 8,000, and record the taxes when paid. OD. Debit Cash $ 8,640; credit Sales $ 8,000; credit Sales Taxes Payable $ 640