Question

payment of sales tax made collected earlier what will be the journal
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Answer 1

Answer:

When you pay taxes, you need to record the transaction in your books. To show that you paid taxes, use the following debits and credits: Debit the income tax expense account. Credit the cash account.

Explanation:

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Answer 2

Answer:

When you pay taxes, you need to record the transaction in your books. To show that you paid taxes, use the following debits and credits:

• Debit the income tax expense account
• Credit the cash account.