Venus company sold goods, with a selling price of $ 14,221, for cash. the state sales tax rate is 8%. what amount is credited to the sales revenue account? (round calculations to the nearest dollar.)

$ 14,221

Explanation:

Data provided in the question :

Selling price of the good = $ 14,221

State sales tax rate = 8 %

now,

the sales tax on the goods sold = 8% of $ 14,221

or

the sales tax on the goods sold = 0.08 × $ 14,221 = $ 1,137.68

therefore,

The total cash received = Selling price + sales tax on the

or

The total cash received = $ 14,221 + $ 1,137.68 = $ 15,358.68

now the received tax goes to the state i.e $ 1,137.68

Therefore,

the net sales revenue credited to the account

= total cash received - sales tax on the goods sold

or

the net sales revenue credited to the account  = $ 15,358.68 - $ 1,137.68

or

the net sales revenue credited to the account  = $ 14,221

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i hope this you! : )

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?