Merchandise is sold for cash. The selling price of the merchandise is $3,200 and the sale is subject to a 5% state sales tax. The journal entry to record the sale would include a credit to a. Cash for $3,200 b. Sales for $3,360 c. Sales Tax Payable for $160 d. Sales for $3,040
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Home » Business » Merchandise is sold for cash. The selling price of the merchandise is $3,200 and the sale is subject to a 5% state sales tax. The journal entry to record the sale would include a credit to a. Cash for $3,200 b. Sales for $3,360 c.