Assuming a 6% sales tax rate, the entry to record sales would include a debit to:
A. sales tax payable for $9,600
B. cash for $179,776
C. cash for $169,600
D. cash for $160,000
Answer:B
Assuming a 6% sales tax rate, the entry to record sales would include a debit to:
A. sales tax payable for $9,600 B. cash for $179,776 C. cash for $169,600 D. cash for $160,000