Sales Tax} Trudeau's Antique Hot Rods recently sold a 1957 Chevy for ($ 75,000) on account. The

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Sales Tax}

Trudeau's Antique Hot Rods recently sold a 1957 Chevy for $\$ 75,000$ on account. The provincial sales tax is $6 \%$, and there is a $\$ 500$-per-car federal tax.

\section*{Required:}
Prepare the journal entry to record the sale.
OBJECTIVE 2 Cornerstone Exercise

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Cornerstones Of Financial Accounting

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2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:02 AM

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Sales Tax} Trudeau's Antique Hot Rods recently sold a 1957 Chevy for ($ 75,000) on account. The

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Cornerstones Of Financial Accounting

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