The Wayback Antique Supply sold Old Treasures, merchandise on account for $137, plus sales tax of $8. What is the journal entry for Wayback Antique Supply to record this transaction? O Debit Accounts Receivable/Old Treasures, $145; Credit Purchases, $137, Sales Tax Payable, $8. Debit Accounts Receivable/Old Treasures, $145; Credit Sales $137, Sales Tax Payable, $8. Debit Purchases, $137, Sales Tax Payable, $8; Credit Accounts Receivable/ Old Treasures, $145. Debit Sales, $137, Sales Tax Payable, $8; Credit Accounts Receivable/Old Treasures, $145.

The Wayback Antique Supply sold Old Treasures, merchandise on account for $137, plus sales tax of $8. What is the journal entry for Wayback Antique Supply to record this transaction? O Debit Accounts Receivable/Old Treasures, $145; Credit Purchases, $137, Sales Tax Payable, $8. Debit Accounts Receivable/Old Treasures, $145; Credit Sales $137, Sales Tax Payable, $8. Debit Purchases, $137, Sales Tax Payable, $8; Credit Accounts Receivable/ Old Treasures, $145. Debit Sales, $137, Sales Tax Payable, $8; Credit Accounts Receivable/Old Treasures, $145.

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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