C ezto.mheducation.com/hm.tpx :::412 G Google Apple Bing D YahoceSafari seLi./ Q
ID: 2568921 • Letter: C
Question
C ezto.mheducation.com/hm.tpx :::412 G Google Apple Bing D YahoceSafari seLi./ Question 1 (of 5) - G ave & Exit | Submit value: 1.00 points During December, Far West Services makes a $4,400 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale Note: Enter debits before credits. Transaction General Journal Debit Credit : Accounts receivable 2,200 Sales tax payable 264 Sales revenue 4,664 Record entry Cloar ontry Viow general journalExplanation / Answer
Date
Account Title and Explanation
Debit
Credit
Accounts Receivable (4400+374)
4774
Sales
4400
Sales Tax Payable (4400*(6%+2.5%))
374
Date
Account Title and Explanation
Debit
Credit
Accounts Receivable (4400+374)
4774
Sales
4400
Sales Tax Payable (4400*(6%+2.5%))
374
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