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  3. which of the following represents the correct jour

Which of the following represents the correct journal entry to record a taxable cash sale...

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Accounting

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Which of the following represents the correct journal entry to record a taxable cash sale of $400 if the sales tax rate is 5% ? Multiple Choice A debit to cash for $420, a debit to sales tax expense for $20, and a credit to sales revenue for $400. A debit to cash for $400, a credit to sales tax payable for $20, and a credit to sales revenue for $380. A debit to cash for $420, a credit to sales tax payable for $20, and a credit to sales revenue for $400. None of these answer choices are correct

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