Which of the Following Would Be Included in the Journal

question 21

Multiple Choice

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

• 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:

Thrifty

Being careful with money and resources by avoiding waste, spending wisely, and seeking good value.

Miserly

A person who is extremely reluctant to spend money; excessively frugal or stingy.

Individuals

Persons considered separately from other members or units in a group or category.

Look Alike

Generally refers to two or more entities that are visually similar to each other; often used in the context of people, products, or phenomena that share appearances.