When a company remits sales tax to the local government, the journal entry will include: O Credit to sales revenue O Debit to cash O Debit to sales tax payable O Debit to sales tax expense
When a company remits sales tax to the local government, the journal entry will include: O Credit to sales revenue O Debit to cash O Debit to sales tax payable O Debit to sales tax expense
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 4Q: How is the sales tax rate usually determined? Does the company get to keep the sales tax as earned...
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When a company remits sales tax to the local government, the
O Credit to sales revenue
O Debit to cash
O Debit to sales tax payable
O Debit to sales tax expense
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