Which of the Following Would Be Included in the Journal

question 74

Multiple Choice

Which of the following would be included in the journal entry to record the payment of sales tax payable?

• A) a debit to Sales Tax Payable
• B) a credit to Sales Tax Expense
• C) a debit to Sales Tax Expense
• D) a credit to Sales Tax Payable

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Definitions:

Put Profit First

A business philosophy focusing primarily on increasing profits and financial performance, often ahead of other objectives.

Act with Integrity

Conducting oneself according to moral and ethical principles, being honest and having strong moral uprightness.

Stakeholder Pressures

The demands or expectations placed on an organization by individuals or groups with an interest in its activities.

Groups of People

Collections of individuals who come together based on common interests, goals, or characteristics.