In January, Violet Stores sold merchandise with a retail price of $21,000 for cash. The...
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Accounting
In January, Violet Stores sold merchandise with a retail price of $21,000 for cash. The sales are subject to 7% sales tax, which is collected from the customers in addition to the cash sales. Which of the following are included in the journal entry for the month's sales? None of these choices Credit sales tax revenue for $1,470 Credit sales tax payable for $22,470 Debit cash for $22,470 Credit sales revenue for $22,470 Debit accounts payable for $1,470
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