Multiple Choice
Sales revenue for a sporting goods store amounted to $525,000 for the current period. All sales are on account and are subject to a sales tax of 9%. Which of the following would be included in the journal entry to record the sales?
A) a debit to Sales Revenue for $525,000
B) a credit to Accounts Receivable for $525,000
C) a debit to Sales Tax Payable for $47,250
D) a debit to Accounts Receivable for $572,250
Correct Answer:

Verified
Correct Answer:
Verified
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