Multiple Choice
A company receives $297, of which $27 is for PST (provincial sales tax) . The journal entry to record the sale would include a
A) credit to Sales Tax Expense for $27.
B) credit to Sales Tax Payable for $27.
C) credit to Sales for $297.
D) debit to Cash for $270.
Correct Answer:
Verified
Correct Answer:
Verified
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