Solved: The corporation also made cash sales which totaled 16905, Accounting Basics

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The corporation also made cash sales which totaled 16905

Question - The corporation also made cash sales which totaled $16,905 including the 5% sales tax.

Prepare the entry to record Martinez's cash sales.

What is the Sales Revenue and Sales Tax Payable? I have the correct Cash amount.

Martinez Corporation made credit sales of $39,600 which are subject to 5% sales tax.

What is the Accounts Receivable amount? I have the Sales Revenue and Sales Tax Payable amounts.

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Accounting Basics: The corporation also made cash sales which totaled 16905

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Accounting Basics: The corporation also made cash sales which totaled 16905

Reference No:- TGS02886856

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