deficit spending, as opposed to budget surpluses, was given an economic reality for the United States by the middle of the first decade of the twenty-first century. A contributing factor was

Furniture world is required by law to collect and remit sales taxes to the state. if furniture world has $78,000 of cash sales that are subject to a 6% sales tax, what is the journal entry to record the cash sales? multiple choice debit cash $82,680; credit sales $78,000; credit sales taxes payable $4,680. debit cash $78,000; credit sales $73,320; credit sales taxes payable $4,680. debit sales taxes payable $4,680; debit cash $73,220; credit sales $78,000. debit cash $78,000; credit sales $78,000; and record the taxes when paid. debit accounts receivable $82,680; credit sales $78,000; credit sales taxes payable $4,680.