In May,a Retailer Recorded Credit Sales of $10,000

Multiple Choice

In May,a retailer recorded credit sales of $10,000.Assuming the sales tax rate is 7 percent,the entry to record the sales in the sales journal would include:

A) a debit to Accounts Receivable of $10,700.
B) a debit to Accounts Receivable of $10,000.
C) a credit to Sales of $10,700.
D) a debit to Sales Tax Payable of $700.