camrenp9889
28.07.2019 •
Business
Acash register tape shows cash sales of $5,000 and sales taxes of $300. the journal entry to record this information is
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Ответ:
The journal entry for the cash receipt and on that the sales tax is charged is as follows:
Explanation:
Cash A/cDr $5,300
To Sales RevenueA/cCr $5,000
To Sales Tax Payable A/cCr $ 300
Working Note:
So, the total of cash received will be = Sales Amount + Amount of sales tax payable
= $5,000 + $300
= $5,300
Ответ: