EX Qu. 158 During November, Wireless, Inc. makes.. During November, Wireless, In

Question

EX Qu. 158 During November, Wireless, Inc. makes.. During November, Wireless, Inc. makes a $1,800 credit sale excluding sales tax. The state sales tax rate is 5% and the local sales tax rate is 1.50%. Record sales revenue and sales tax payable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest dollar amount.) View transaction list Journal entry worksheet Record sales revenue and sales tax payable. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal

Explanation / Answer

Event General Journal Debit Credit 1 Accounts Receivable $1,917 Sales Revenue $1,800 Sales Tax Payable $117

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