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A cash register tape shows cash sales of $3,000 and sales taxes of $200. The journal entry to record this information is:_________
A) Cash 3, 200 Sales Revenue 3, 200
B) Cash 3, 200 Sales Tax Payable 200 Sales Revenue 3,000
C) Cash 3,000 Sales Tax Expense 200 Sales Revenue 3, 200
D) Cash 3, 200 Sales Revenue 3000 Sales Taxes

Respuesta :

Answer:

B) Cash 3, 200 Sales Tax Payable 200 Sales Revenue 3,000

Explanation:

The journal entry is shown below:

Cash $3,200    

   To Sales tax payable  $200  

    To  Sales revenue  $3,000

(Being the sales and sales tax is recorded)

For recording this we debited the cash as it increased the assets and credited the sales tax payable and sales revenue as it also increased the liabilities and revenue

Therefore, option B is correct  

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