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Author Question: Granny's Greens had sales on account of $6,500 which were subject to state sales tax of 9.5%. The ... (Read 247 times)

CORALGRILL2014

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Granny's Greens had sales on account of $6,500 which were subject to state sales tax of 9.5%. The entry to record the sales would be to: (Round your final answer to the nearest dollar.)
◦ debit Accounts Receivable $6,500; debit Sales Tax Payable $617.50; credit Sales Revenue $7,117.50.
◦ debit Accounts Receivable $7,117.50; credit Sales Revenue $6,500; credit Sales Tax Payable $617.50.
◦ debit Accounts Receivable $7,117.50; credit Sales Revenue $7,117.50.
◦ debit Accounts Receivable $6,500; credit Sales Revenue $6,500.


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Marked as best answer by CORALGRILL2014 on Feb 18, 2020

ciecieme

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CORALGRILL2014

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Reply 2 on: Feb 18, 2020
Wow, this really help


sailorcrescent

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Reply 3 on: Yesterday
Excellent

 

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