uick Shop sells $10,000 of merchandise on July 5. The sales tax for all purchases...
50.1K
Verified Solution
Link Copied!
Question
Accounting
uick Shop sells $10,000 of merchandise on July 5. The sales tax for all purchases of merchandise is 8%. What is the journal entry to record the sale and sales tax
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!