Annual Operations Company Operates in a State Where There Is $\begin{array}{lccc}\text { Cash } & 500 & \\\text { Sales } & &500 & \\\end{array}$

question 9

Multiple Choice

Annual Operations Company operates in a state where there is a 6% sales tax.If a customer pays cash for merchandise with a sales price of $500,Annual Operations would record the transaction using which of the following journal entries?

• A)
• \(\begin{array}{lccc}
• \text { Cash } & 500 & \\
• \text { Sales } & &500 & \\
• \end{array}\)
• B)

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