Chapter 5, Problem 5.18EX

(A)

To determine

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

(B)

To determine

To Describe: The amount that should recorded as sales.

(C)

To determine

To Describe: The amount debited to accounts receivable.

(D)

To determine

To Describe: The the title of the account to which $2,880 is credited.