ACC 422-Sandhill Corporation made credit sales of $37,800

by | Mar 18, 2020 | Uncategorized

  

Brief Exercise 13-5
Sandhill Corporation made credit sales of $37,800 which are subject to 6% sales tax. The
corporation also made cash sales which totaled $30,846 including the 6% sales tax. Prepare the entry to record Sandhill’s credit sales. (If no entry is required, select "No Entry"
for the account titles and enter 0 for the amounts. Credit account titles are
automatically indented when amount is entered. Do not indent manually.)
Account Titles and
Explanation Debit Credit Prepare the entry to record Sandhill’s cash sales. (If no entry is required, select "No Entry" for
the account titles and enter 0 for the amounts. Credit account titles are automatically
indented when amount is entered. Do not indent manually.)
Account Titles and
Explanation Debit Credit

  

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