The balances of certain accounts of Vanessa Corporation on April 30, 20X1, were as follows: Sales Sales returns and allowances $ 216,000 2,600 The firm's net sales are subject to an 6 percent sales tax. Prepare the general journal entry to record payment of the sales tax payable on April 30, 20X1.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The balances of certain accounts of Vanessa Corporation on April 30, 20X1, were as follows:
Sales
Sales returns and allowances
$ 216,000
2,600
The firm's net sales are subject to an 6 percent sales tax. Prepare the general journal entry to record payment of the sales tax payable
on April 30, 20X1.
View transaction list
View journal entry worksheet
es
No
Date
General Journal
1
April 30, 20X1
Sales
Sales tax payable
Debit
Credit
Transcribed Image Text:The balances of certain accounts of Vanessa Corporation on April 30, 20X1, were as follows: Sales Sales returns and allowances $ 216,000 2,600 The firm's net sales are subject to an 6 percent sales tax. Prepare the general journal entry to record payment of the sales tax payable on April 30, 20X1. View transaction list View journal entry worksheet es No Date General Journal 1 April 30, 20X1 Sales Sales tax payable Debit Credit
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