SALES TAX Garners Antique Hot Rods recently sold a 1957 Chevy for $13,000. The state sales tax
Question:
SALES TAX 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.
Required:
Provide the journal entry to record the sale.
Cornerstone Exercise
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Related Book For 
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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