Question 2 of 5 View Policies Current Attempt in Progress -/1 E ! During the month...

Transcribed Image Text:

Question 2 of 5 View Policies Current Attempt in Progress -/1 E ! During the month of June, Swifty Boutique recorded cash sales of $303,160 and credit sales of $111,936, both of which include the 6% sales tax that must be remitted to the state by July 15. Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation June 30 Debit Credit Question 2 of 5 View Policies Current Attempt in Progress -/1 E ! During the month of June, Swifty Boutique recorded cash sales of $303,160 and credit sales of $111,936, both of which include the 6% sales tax that must be remitted to the state by July 15. Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation June 30 Debit Credit