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The Print Shoppe Had Sales on Account of $7,000 Which

Question 164

Multiple Choice

The Print Shoppe had sales on account of $7,000 which were subject to state sales tax of 6.5%. The entry to record the sales would be to: (Round your final answer to the nearest cent.)


A) debit Accounts Receivable $7,000; credit Sales Revenue $7,000.
B) debit Accounts Receivable $7,000; debit Sales Tax Payable $455.00; credit Sales Revenue $7,455.00.
C) debit Accounts Receivable $7,455.00; credit Sales Revenue $7,455.00.
D) debit Accounts Receivable $7,455.00; credit Sales Revenue $7,000; credit Sales Tax Payable $455.00.

Correct Answer:

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