Venus Corp. sold goods, with a selling price of $18,421, for cash. The state sales tax rate is 8%. What amount is credited to the Sales Revenue account? (Round calculations to the nearest dollar.) XA. $1,474 O B. $16,947 C. $18,421 O D. $19,895

Venus Corp. sold goods, with a selling price of $18,421, for cash. The state sales tax rate is 8%. What amount is credited to the Sales Revenue account? (Round calculations to the nearest dollar.) XA. $1,474 O B. $16,947 C. $18,421 O D. $19,895

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 7MCQ

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Question

Venus Corp. sold goods, with a selling price of $18,421, for cash. The state sales tax rate is 8%. What amount is credited to the Sales Revenue account? (Round calculations to the nearest dollar.)
XA. $1,474
B. $16,947
C. $18,421
O D. $19,895

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