Answer:
The journal entry for the cash receipt and on that the sales tax is charged is as follows:
Explanation:
Cash A/c.................................................Dr $5,300
To Sales RevenueA/c.............................Cr $5,000
To Sales Tax Payable A/c......................Cr $ 300
Working Note:
So, the total of cash received will be = Sales Amount + Amount of sales tax payable
= $5,000 + $300
= $5,300
