BC Inc made sales of $14,567 for Monday, December 8th. The sales tax is 7%. What is the dollar amount that would be credited to Sales Tax Payable? Group of answer choices 10196.9 1019.69 Sales Tax is included in the $14,567 Sales Tax Payable would not be credited

BC Inc made sales of $14,567 for Monday, December 8th. The sales tax is 7%. What is the dollar amount that would be credited to Sales Tax Payable? Group of answer choices 10196.9 1019.69 Sales Tax is included in the $14,567 Sales Tax Payable would not be credited

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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Question

BC Inc made sales of $14,567 for Monday, December 8th. The sales tax is 7%. What is the dollar amount that would be credited to Sales Tax Payable?

Group of answer choices

10196.9

1019.69

Sales Tax is included in the $14,567

Sales Tax Payable would not be credited

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