What this document posted to your books.
| Account | Class | Memo | Debit | Credit |
|---|---|---|---|---|
1100 Accounts Receivable |
$520.80 | |||
5000 Cost of Goods Sold |
$140.00 | |||
4000 Sales |
$480.00 | |||
2200 Sales Tax Payable |
$40.80 | |||
1500 Inventory Asset |
$140.00 | |||
| Total | $660.80 | $660.80 | ||
Debits equal credits.