Brief Exercise 13-5 Brief Exercise 13-5 Blossom Corporation made credit sales of

Question

Brief Exercise 13-5

Brief Exercise 13-5 Blossom Corporation made credit sales of $41,400 which are subject to 6% sales tax. The corporation also made cash sales which totaled $27,878 including the 6% sales tax. Prepare the entry to record Blossom's credit sales. (IF no entry is required, sele indented when amount is entered. Do not indent manually.) "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically Account Titles and Explanalion Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the entry to record Blossom's cash sales. (If no entry is required, select "No Entry" for the account titles and enter indented when amount is entered. Do not indent manually.) for the amounts. Credit account titles are automatically Account Titles and Explanation Debit Credit

Explanation / Answer

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Account titles and explanation Debit Credit Accounts receivable $43,884 Sales $41,400 Sales tax payable($41,400 x 6%) $2,484

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