A company receives $88, of which 8 is for sales tax. The journal entry to record the sale would include a

A. debit to Sales Tax Expense for $8
B. credit to Sales Tax Payable for $8
C. debit to Sales for $88
D. debit to Cash for $80

Ans: B. credit to Sales Tax Payable for $8

Business

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All of the following are forms of collaboration among businesses except:

A) RFQs. B) CPFR. C) demand chain visibility. D) marketing coordination and product design.

Business