A cash register tape shows cash sales of $1300 and HST of $195. The journal entry to record this information is: Cash Sales о Cash Sales HST Payable Cash Sales Tax Revenue Sales 1300 1300 1495 1300 195 1495 195 1300 ° Cash 1300 Sales Tax Expense 195 Sales 1495

A cash register tape shows cash sales of $1300 and HST of $195. The journal entry to record this information is: Cash Sales о Cash Sales HST Payable Cash Sales Tax Revenue Sales 1300 1300 1495 1300 195 1495 195 1300 ° Cash 1300 Sales Tax Expense 195 Sales 1495

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 7E

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Question

A cash register tape shows cash sales of $1300 and HST of $195. The journal entry to record this information is:
Cash
Sales
о
Cash
Sales
HST Payable
Cash
Sales Tax Revenue
Sales
1300
1300
1495
1300
195
1495
195
1300
°
Cash
1300
Sales Tax Expense
195
Sales
1495

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