During December Far West Services makes a $3,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5% Record sales and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field) View transaction View journal entry worksheet No General Journal Debit 1 Accounts Receivable 1.000 Sales Revenue Sales Tax Payable 1
During December Far West Services makes a $3,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5% Record sales and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field) View transaction View journal entry worksheet No General Journal Debit 1 Accounts Receivable 1.000 Sales Revenue Sales Tax Payable 1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During December, Far West Services makes a $3,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%
Record sales and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in
the first account field.)
View transaction lit
View journal entry worksheet
Debit
General Journal
Credi
No
1
Accounts Receivable
Sales Revenue
Sales Tax Payable
7
Transaction
3.000
Seve&a
Check my work
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