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2 A . Sold goods for $ 4 , 0 0 0 on account. In addition, sales tax applies at 8 % . The company

2A.Sold goods for $4,000 on account. In addition, sales tax applies at 8%. The company employes a gross profit pricing model to yield 34%. Record the JE for the seller.
2B. Sold goods for $5,670, on account, which includes 6.5% sales tax. The company employes a gross profit pricing model to yield 75%. Record the JE for the seller and the buyer. Assume the seller sold inventory and the buyer purchased goods which will be used as equipment.
2C. A company sold goods for $756 which includes 7.3% sales tax. The goods are carried in inventory at a cost basis of $550. This was a cash sale. Record the JE for the seller.

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