Sales and Excise Tax Betty's Antique Shop, a shop specializing in antiques from the 19 th century,
Question:
Sales and Excise Tax Betty's Antique Shop, a shop specializing in antiques from the 19 th century, recently sold a chair from the Civil War era for \(\$ 60,000\) on account. The harmonized sales tax is \(13 \%\).
Required:
Provide the journal entry to record the sale.
\section*{Brief Exercise
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Related Book For
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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