Accounting MCQ Accounting The Route 66 Gift Shop, which records sales and sales tax separately, had sales on account of $1,500 and cash sales of $1,000. The state sales tax is 8%. The journal entry to record the sales would include a:

The Route 66 Gift Shop, which records sales and sales tax separately, had sales on account of $1,500 and cash sales of $1,000. The state sales tax is 8%. The journal entry to record the sales would include a:

Naim 13:59 Accounting

The Route 66 Gift Shop, which records sales and sales tax separately, had sales on account of $1,500 and cash sales of $1,000. The state sales tax is 8%. The journal entry to record the sales would include a:

A) Debit to Sales Tax Payable for $75.

B) Debit to Cash of $1,000.

C) Credit to Sales Revenue of $2,700.

D) Debit to Accounts Receivable of $1,620 and a debit to Cash of $1,080.

Answer: D

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