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Packers Inc made $47,000 of cash sales during the month of May, which includes a 2% sales tax. What journal entry would Packers Inc make to record revenue for the month of May? Answer should be rounded to the nearest whole dollar

Packers Inc made $47,000 of cash sales during the month of May, which includes a 2% sales tax. What journal entry would Packers Inc make to record revenue for the month of May? Answer should be rounded to the nearest whole dollar

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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Packers Inc made $47,000 of cash sales during the month of May, which includes a 2% sales tax. What journal entry would Packers Inc make to record revenue for the month of May? Answer should be rounded to the nearest whole dollar
Transcribed Image Text:Packers Inc made $47,000 of cash sales during the month of May, which includes a 2% sales tax. What journal entry would Packers Inc make to record revenue for the month of May? Answer should be rounded to the nearest whole dollar
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