13-S&C Roofing had sales on account of $28,500 which were subject to state sales

ID: 2528843 • Letter: 1

Question

13-S&C Roofing had sales on account of $28,500 which were subject to state sales tax of 77?%. The entry to record the sales would be? to:

debit Accounts? Receivable,

$28,500?;

debit Sales tax? payable, $1,995?;

credit Sales? revenue,$30,495.

debit Accounts? Receivable $28,500?;

credit Sales? revenue, $28,500.

debit Accounts? Receivable, $30,495?;

credit Sale? revenue $30,495.

debit Accounts? Receivable, $30,495?;

credit Sales? revenue, $28,500?;

credit Sales tax? payable, $1,995.

Journal:

Accounts receivable..Dr$30495($28500*1.07)

To sales revenue a/c...$28500

To sales tax payable $1995($28500*7%)

Hence the correct option is D.

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