Question

Analyze different business transactions to determine the applicable sales taxes that should be applied to the transactions

Answer 1

Answer:

What is your Questions...a??

Plz Explain.

Answer 2

Answer:

To record received sales tax from customers, debit your Cash account, and credit your Sales Revenue and Sales Tax Payable accounts. When you remit the sales tax to the government, you can reverse your initial journal entry. To do this, debit your Sales Tax Payable account and credit your Cash account.