During November, Wireless, Inc., makes a $1,600 credit sale excluding sales tax. The state sales tax rate is 5% and the local sales tax rate is 1.5%. Record sales revenue and sales tax payable.

What will be an ideal response?



?DebitCredit
Accounts Receivable1,704?
  Sales Revenue?1,600
  Sales Tax Payable (.065 × $1,600)?104
  (Record sales and sales tax)

Business

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