Solved

A Company Receives $180 for a Sale,of Which $10 Is

Question 1

Multiple Choice

A company receives $180 for a sale,of which $10 is for sales tax.The journal entry to record the sale is:

A) Sales Tax expense 10
Cash 170
Sales 180
B) Cash 170
Sales 170
C) Cash 180
Sales 180
D) Cash 180
Sales Tax Payable 10
Sales 170

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