Slumberland sold an $800 couch to Charles, and he paid cash. The sales tax rate is 8.5%. Looking at the transaction from Slumberland's point of view, which of the following statements is false?

A.  Cash would be debited for $868.
B.  Sales would be credited for $800.
C.  Sales Tax Payable would be credited $68.
D.  Sales Tax Expense would be debited for $68.

Answer rating: 100% (QA)

ANSWER Sles Tx yble wuld be redited 68 This unt is redited when sles tx is lleted f... View the full answer