Current Attempt in Progress Oriole Corp. was unable to use the cash registers at one of its stores for one day. The staff at that store asked customers to pay only the price listed on the items purchased and did not charge customers HST at 13% because doing so would take up too much time. All sales were by cash or credit card that day and the total amount received from customers amounted to $16,400. Prepare the journal entry to record the sales and HST payable for that day. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.) Account Titles Cash Sales Sales Tax Payable Debit 16400 Credit
Current Attempt in Progress Oriole Corp. was unable to use the cash registers at one of its stores for one day. The staff at that store asked customers to pay only the price listed on the items purchased and did not charge customers HST at 13% because doing so would take up too much time. All sales were by cash or credit card that day and the total amount received from customers amounted to $16,400. Prepare the journal entry to record the sales and HST payable for that day. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.) Account Titles Cash Sales Sales Tax Payable Debit 16400 Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vishnu
Transcribed Image Text:Current Attempt in Progress
Oriole Corp. was unable to use the cash registers at one of its stores for one day. The staff at that store asked customers to pay only
the price listed on the items purchased and did not charge customers HST at 13% because doing so would take up too much time. All
sales were by cash or credit card that day and the total amount received from customers amounted to $16,400. Prepare the journal
entry to record the sales and HST payable for that day. (Credit account titles are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit
entries. Round answers to O decimal places, e.g. 5,275.)
Account Titles
Cash
Sales
Sales Tax Payable
eTextbook and Media
Debit
16400
Credit
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