Business, 16.04.2020 00:29, rehooreh14

G "Your Company sells goods to customers for $1,200 cash. You also collect sales taxes of $96. The journal entry to record this transaction is: Group of answer choices

DR Sales Tax Payable $96; CR Cash $96.
DR Cash of 1,296 ; CR Revenue $1200 ; CR Sales Tax Payable $96
DR Cash $1,296; CR Revenue $1,296.
DR Cash of $1,296 ; CR Revenue $1,200 ; CR Sales Tax Expense $96."

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G "Your Company sells goods to customers for $1,200 cash. You also collect sales taxes of $96. The j...