Sales revenue for a sporting goods store amounted to $539,000 for the current period. All...
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Accounting
Sales revenue for a sporting goods store amounted to $539,000 for the current period. All sales are on account and are subject to a sales tax of 11%. Which of the following would be included in the journal entry to record the sales transaction?
A.
a debit to Sales Revenue for $539,000
B.
a credit to Accounts Receivable for $539,000
C.
a debit to Sales Tax Payable for $59,290
D.
a debit to Accounts Receivable for $598,290
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