Stung, which is registered for the purposes of sales tax, bought furniture on credit terms ata cost of $8,000, plus tax of $1,200.What are the correct account entries to record this transaction?$ADebit Furniture9,200 Credit Supplier9,200BDebit Furniture8,000 Credit Sales tax1,200Credit Supplier6,800Debit Furniture8,000 Credit Supplier9,200Debit Sales tax1,200DDebit Furniture8,000 Credit Supplier8,000%24

Journal entries are the entries to be recorded in the accounting books of the business for all the…

Stung, which is registered for the purposes of sales tax, bought furniture on credit terms at a cost of $8,000, plus tax of $1,200. What are the correct account entries to record this transaction? $ 2$ A Debit Furniture 9,200 Credit Supplier 9,200 В Debit Furniture 8,000 Credit Sales tax 1,200 Credit Supplier 6,800 Debit Furniture 8,000 Credit Supplier 9,200 Debit Sales tax 1,200 D Debit Furniture 8,000 Credit Supplier 8,000

Stung, which is registered for the purposes of sales tax, bought furniture on credit terms at a cost of $8,000, plus tax of $1,200. What are the correct account entries to record this transaction? $ 2$ A Debit Furniture 9,200 Credit Supplier 9,200 В Debit Furniture 8,000 Credit Sales tax 1,200 Credit Supplier 6,800 Debit Furniture 8,000 Credit Supplier 9,200 Debit Sales tax 1,200 D Debit Furniture 8,000 Credit Supplier 8,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 6EA: Elegant Electronics sells a cellular phone on September 2 for $450. On September 6, Elegant sells...

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Stung, which is registered to account for sales tax, purchased furniture on credit at a cost of $8,000, plus sales tax of $1,200. What are the correct accounting entries to record this transaction? $ $ A Debit Furniture 9,200 Credit Supplier 9,200 B Debit Furniture 8,000 Credit Sales tax 1,200 Credit Supplier 6,800 C Debit Furniture 8,000 Credit Supplier 9,200 Debit Sales tax 1,200 D Debit Furniture 8,000 Credit Supplier 8,000
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