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A CASH REGISTER TAPE SHOWS CASH SALES OF $3,000 AND SALES TAX OF $150. THE JOURNAL ENTRY TO RECORD THIS INFORMATION IS CASH $3,150 SALES TAX PAYABLE $150 SALES $3,000 O CASH $3,150 SALES TAX REVENUE $150 SALES $3,000 CASH $3,000 SALES TAX EXPENSE $150 SALES $3.150 CASH $3.000 SALES $3.000

A CASH REGISTER TAPE SHOWS CASH SALES OF $3,000 AND SALES TAX OF $150. THE JOURNAL ENTRY TO RECORD THIS INFORMATION IS CASH $3,150 SALES TAX PAYABLE $150 SALES $3,000 O CASH $3,150 SALES TAX REVENUE $150 SALES $3,000 CASH $3,000 SALES TAX EXPENSE $150 SALES $3.150 CASH $3.000 SALES $3.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A CASH REGISTER TAPE SHOWS CASH SALES OF $3,000 AND SALES TAX OF $150. THE JOURNAL ENTRY TO RECORD THIS INFORMATION IS CASH $3,150 SALES TAX PAYABLE $150 SALES $3,000 O CASH $3,150 SALES TAX REVENUE $150 SALES $3,000 CASH $3,000 SALES TAX EXPENSE $150 SALES $3.150 CASH $3.000 SALES $3.000
Transcribed Image Text:A CASH REGISTER TAPE SHOWS CASH SALES OF $3,000 AND SALES TAX OF $150. THE JOURNAL ENTRY TO RECORD THIS INFORMATION IS CASH $3,150 SALES TAX PAYABLE $150 SALES $3,000 O CASH $3,150 SALES TAX REVENUE $150 SALES $3,000 CASH $3,000 SALES TAX EXPENSE $150 SALES $3.150 CASH $3.000 SALES $3.000
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