Question: Using the above information, please provide the journal entry to record the proceeds. Your roommate says, Sales taxes are reported as an expense in the

Using the above information, please provide the journal entry to record the proceeds.

Your roommate says, \"Sales taxes are reported as an expense in the income statement.\" State whether this statement is true or false. False v eTextbook and Media Solution List of Accounts Attempts: 1 of 1 used (b) Cullumber Company has cash proceeds from sales of $8,930. This amount includes $450 of sales taxes. Give the entry to record the proceeds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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