Garner's Antique Hot Rods recently sold a 1957 Chevy for $13,000. The state sales tax is 7

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Garner's Antique Hot Rods recently sold a 1957 Chevy for $13,000. The state sales tax is 7 percent, and there is a $100-per-car federal excise tax.

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Provide the journal entry to record the sale.

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

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Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:19 AM

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Garner's Antique Hot Rods recently sold a 1957 Chevy for $13,000. The state sales tax is 7

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Cornerstones of Financial and Managerial Accounting

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