Solved

S&C Roofing Had Sales on Account of $28,500 Which Were

Question 46

Multiple Choice

S&C Roofing had sales on account of $28,500 which were subject to state sales tax of 9%.The entry to record the sales would be to:


A) debit Accounts Receivable,$28,500;credit Sales revenue,$28,500.
B) debit Accounts Receivable,$31,065;credit Sale revenue,$31,065.
C) debit Accounts Receivable,$28,500;debit Sales tax payable,$2,565;credit Sales revenue,$31,065.
D) debit Accounts Receivable,$31,065;credit Sales revenue,$28,500;credit Sales tax payable,$2,565.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions