Describe the transaction recorded. Cash 593.60 Sales Tax Payable 44.80 Sales 560.00 Credit Card Expense 11.20 (Select all your answers.) Sold merchandise for cash, plus sales tax. Purchased goods plus freight. Company deposited cash from the sale. Customer paid by bank credit card. Discount charged by bank to the seller. Interest credited by the bank.
Describe the transaction recorded. Cash 593.60 Sales Tax Payable 44.80 Sales 560.00 Credit Card Expense 11.20 (Select all your answers.) Sold merchandise for cash, plus sales tax. Purchased goods plus freight. Company deposited cash from the sale. Customer paid by bank credit card. Discount charged by bank to the seller. Interest credited by the bank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Describe the transaction recorded.
| Cash | |
| 593.60 | |
| Sales Tax Payable | |
| 44.80 | |
| Sales | |
| 560.00 | |
| Credit Card Expense |
|
| 11.20 | |
(Select all your answers.)
Sold merchandise for cash, plus sales tax.
Purchased goods plus freight.
Company deposited cash from the sale.
Customer paid by bank credit card.
Discount charged by bank to the seller.
Interest credited by the bank.
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