Which would be included in the journal entry to record

Reference no: EM132727119

Problem 1: Sales revenue for a sporting goods store amounted to $526,000 for the current period. All sales are on account and are subject to a sales tax of 10%. Which of the following would be included in the journal entry to record the sales transaction?

A) a debit to Sales Revenue for $526,000

B) a credit to Accounts Receivable for $526,000

C) a debit to Sales Tax Payable for $52,600

D) a debit to Accounts Receivable for $578,600

Reference no: EM132727119

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