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2. 5% sales tax. (a) Merchandise is sold for $330 cash plus sales tax. (b) Merchandise is sold on account for $390 plus sales tax.

2. 5% sales tax. (a) Merchandise is sold for $330 cash plus sales tax. (b) Merchandise is sold on account for $390 plus sales tax. (c) Payment is received for merchandise sold on account. Cash Accounts Receivable Sales Tax Payable Sales

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