Al's Bookstore Has Collected $750 in Sales Taxes During April

question 233

Multiple Choice

Al's Bookstore has collected $750 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will Al's Bookstore make to show the April remittance?

• A) Sales Tax Expense 750 Cash 750
• B) Sales Taxes Payable 750 Cash 750
• C) Sales Tax Expense 750 Sales Taxes Payable 750
• D) No entry required.

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Definitions:

Ultimate Concerns

Fundamental existential questions or deep worries that relate to the meaning of life, death, freedom, and isolation.

Awareness

The state or ability to perceive, feel, or be conscious of events, objects, thoughts, emotions, or sensory patterns.

Identity

A concept referring to the qualities, beliefs, personality, looks, and expressions that make a person or group.

Being-for-oneself

A philosophical concept often related to existentialism, emphasizing the individual's existence, autonomy, and responsibility for their own development.